The Ministry of Environment and Energy announced today, Monday, January 20, 2025, a very important development, which is part of the national strategy for energy independence and reduction of energy costs, with parallel initiatives for increased protection of the marine environment.
The American company Chevron, the world’s second-largest private company active in the hydrocarbon sector, has expressed interest in research in the marine area southwest of the Peloponnese and west of Crete, which borders the marine plots of a corresponding tender in 2014.
The Ministry of Environment and Energy accepts this expression of interest from the company and will proceed within the week to issue the relevant decision, which will provide for the exact area and the immediate announcement of an international tender, while in the immediate future, the spatial expansion of the research will also be evaluated.
At the same time, the Hellenic Hydrocarbon and Energy Resources Management Company (EDEYEP) is submitting today the relevant Strategic Environmental Impact Study.
The natural gas that we seek to locate and export is a critical bridge fuel for Europe until 2050 and for the rest of the planet beyond 2050.
Consequently, the exploitation of potential domestic deposits is energetically, economically, and socially of great importance for an economically sustainable green transition.
According to the ministry, Chevron’s interest, combined with the fact that ExxonMobil is already active in our country, marks the simultaneous presence of two energy giants and reinforces the belief that Greece can play a leading role in the global energy market and confirms that our country is an attractive investment destination.
Furthermore, it constitutes yet another practical recognition of the strategy of the Greek Government, the Ministry of Environment and Energy, and the Hellenic Hydrocarbon and Energy Resources Management Company for the exploitation of our country’s potential natural gas reserves, for the benefit of the country’s energy independence and security, as well as our national economy.
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