GREECE: GREAT OPPORTUNITY
Russia's plan to shift the transit of EU bound natural gas to a new gas hub at the Greek-Turkish border will allow Greece will become an important factor in supplying Europe with Russian gas, according to a representative of the SYRIZA (the Coalition of the Radical Left) Party.
Gazprom has announced that it plans to re-route gas presently transited via Ukraine to the proposed Turkish Stream pipeline.
"The 50 billion cubic meters of gas per year, that will be accumulated in Turkey's border with Greece are a great opportunity for Greece to upgrade its geopolitical role", said Athanasios Petrakos, who is also in charge of Eurosceptic party's energy policy.
Greece will go to the polls in a national election on January 25th following the country's parliament failed to elect a president in the third and final round of voting on December 29, 2014.
Several recent polls indicate that Syriza holds a lead of over 3 percentage points over Prime Minister Antonis Samaras's New Democracy party.
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THE LOCAL FRANCE - Angola and French oil giant Total formally launched a major new offshore oil project Saturday to aid the country's economy that plunged into crisis following oil price dips in 2014.
WNN - China's State Power Investment Corporation (SPIC) says it has signed a memorandum of understanding (MoU) for "global cooperation" in nuclear energy with Westinghouse Electric Company of the USA.
WNN - Advanced Nuclear Technologies - otherwise known as small nuclear or small reactor technologies - encompass a wide range of nuclear reactor technologies under development, BEIS noted. "The common attributes that these technologies share is that they are smaller than conventional nuclear power station reactors and are designed so that much of the plant can be fabricated in a factory environment and transported to site, reducing construction risk and making them less capital-intensive," it said.
WNN - Poland and the USA have signed a Joint Declaration of Energy Security, which emphasises the expansion of their cooperation in a variety of areas, including civil nuclear energy. The document was signed in Warsaw yesterday by Polish Energy Minister Krzysztof Tchórzewski and US Secretary of Energy Rick Perry.