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Athens Macedonian News Agency: News in English, 14-12-16

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Debate on the 2014-2020 NSRF bill starts in Parliament
  • [02] Natural gas prices to fall by 20 pct in Q3 2015, Greek deputy minister says‏

  • [01] Debate on the 2014-2020 NSRF bill starts in Parliament

    The bill which sets rules for the coordination, management, control and implementation of development interventions for the 2014-2020 programming period of the National Strategic Reference Framework (NSRF) is discussed in Parliament under an emergency debate procedure.

    The relevant request made by Development Minister Costas Skrekas, stressing the need for making use of the emergency debate procedure as there are crucial issues that need to be voted before January 1, was accepted by majority.

    The debate started earlier on Tuesday and will be completed in two sessions. The Conference of Presidents of Parliament will decide the date of its submission to the plenary, which will probably be Thursday, December 18.

    [02] Natural gas prices to fall by 20 pct in Q3 2015, Greek deputy minister says‏

    ANA/MPA---Natural gas prices for industrial and household users are expected to fall by 20 pct in the first quarter of 2015 as a result of falling international oil prices, Deputy Environment, Energy and Climate Change Minister Makis Papageorgiou said on Tuesday.

    Addressing an energy conference in Athens, Papageorgiou said natural gas prices were expected to fall by 5.0 pct in January, for a total decline of 20 pct in March, adding to a 15 pct discount in prices achieved after negotiations between DEPA and Gazprom last year.

    The Greek minister said this decline was the result of a link between natural gas prices with crude oil prices with a three-month delay and noted that crude oil prices were expected to continue falling, with international analysts predicting a fall to around 40 US dollars per barrel, a development which could have a positive effect on the Greek economy.

    Papageorgiou said that Socar was currently in negotiations with competition authorities in the European Union to complete a deal of purchasing a 66 pct equity stake in DESFA and noted that one of the plans examined was the transfer -at a later stage- of a 17 pct equity stake from Socar in order to cut its participation to 49 pct in DESFA.

    Commenting on a decision to scrap the South Stream natural gas pipeline project, Papageorgiou said this could speed up procedures to double the capacity of TAP pipeline to 20 billion cubic meters annually, from 10 billion in the original plan.


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