Greece has signed a founding declaration for a new East Mediterranean Energy Center alongside the United States, Cyprus and Israel, as Energy Minister Stavros Papastavrou held back-to-back meetings with Chevron and ExxonMobil executives to advance the country's most ambitious offshore hydrocarbon push in decades.

Minister of Environment and Energy Stavros Papastavrou is traveling today to Houston, United States, where he will hold meetings with representatives of Chevron and ExxonMobil on the sidelines of the major energy conference CERAWeek 2026. Accompanying him will be Deputy Minister of Environment and Energy Nikos Tsafos and the CEO of the Hellenic Hydrocarbon Resources Management Company (EDEYEP), Aristofanis Stefatos.

Eight to nine trillion cubic feet of natural gas may be available in the Pegasus and Glafkos fields in the Cypriot EEZ, according to an update provided by ExxonMobil to the President of the Cypriot Republic, government spokesman K. Letibiotis said.