China's State Grid seals acquisition of stake in Greek power grid - REUTERS

Tue Jun 20, 2017 6:54pm GMT
Reporting by Angeliki Koutantou; editing by Susan Thomas

ATHENS, June 20 (Reuters) - China's State Grid, the world's biggest utility, concluded on Tuesday the acquisition of a minority stake in Greece's power grid operator ADMIE, Beijing's second big investment in the bailed-out country in more than a year.

Under its latest international bailout by the European Union and the International Monetary Fund, Greece has agreed to spin off ADMIE from its state-controlled power utility Public Power Corp. and sell a 24 percent stake to State Grid for 320 million euros ($356 million).

Rosneft and Russia's Evolving Oil Strategy Explained - THE DIPLOMAT

March 10, 2017
Nicholas Trickett

Russia’s recent deals in the Middle East aren’t just about expanding its influence, they’re part of a larger strategy.

Rosneft is deploying its preferred long-term prepayment model to political effect in Kurdistan and Libya, distributing risks between producers and consumers and taking advantage of its access to state money. That model has also earned it closer ties to trading houses like Glencore and Trafigura. The firm applied the same approach to securing a customer for its Venezuelan production—another risky market—in India with its acquisition of Essar Oil.

LNG demand in southeast Europe – a tale of three countries - LNG WORLD SHIPPING

Marios Demetriades: considering Cyprus' LNG options

Thu 12 Jan 2017
Karen Thomas

Greece, Italy and Cyprus have individual and collective plans for LNG-import and small-scale distribution infrastructure

Although it is a relatively mature LNG-import market, Europe is developing significant new import and small-scale capacity and new capacity is concentrated in the south and east of the continent.

Several factors are driving this shift. Falling prices and slowing demand from Asia’s mature importers have made LNG more competitively priced, compared with piped gas, for buyers in Europe.

China extends penetration of Greek market - KATHIMERINI

08.01.2017 : 21:12
Ilias Bellos

Chinese enterprises are showing an increased interest in Greece, as not only does the country offer them an entry gate to the eurozone and the rest of Europe, but it’s also a relatively new market for them.

Just weeks after the signing of a cooperation agreement between Public Power Corporation and China Machinery Engineering Corporation (CMEC) on the development of joint infrastructure projects, and days after the acquisition of 24 percent in the Independent Power Transmission Operator (ADMIE) by China’s State Grid Corp, the head of China Shenhua Group arrived in Athens with his staff.

The chief of one of the world’s biggest corporations in coal and energy trading “expressed his will to understand in depth the Greek energy market and promote cooperation with Greek enterprises, such as on lignite-powered electricity units,” Kathimerini has been told.