Greece will sign four major hydrocarbon exploration agreements with U.S. energy giant Chevron on Feb. 16, Environment and Energy Minister Stavros Papastavrou has announced, sealing a deal that aims to unlock vast offshore gas potential south of Crete and the Peloponnese.
ExxonMobil is moving ahead with the process of declaring commerciality for Block 10 of Cyprus’s Exclusive Economic Zone (EEZ), aiming to begin natural gas production between 2030 and 2035, according to the company’s Vice President, John Ardill. His remarks followed a meeting on Friday with the President of the Republic of Cyprus, Nikos Christodoulides, at the Presidential Palace.
Prime Minister Kyriakos Mitsotakis, in a letter today to Commission President Ursula von der Leyen, asks the European Union to consider new ways to reduce gas and electricity prices.