Greece to Begin Exploratory Drilling for Hydrocarbons in 2025

Business 5 February 2025 22:00

Greece is set to begin its first exploratory drilling for hydrocarbons in 2025, likely near Crete, Deputy Environment and Energy Minister Alexandra Sdoukou announced at the Athens Energy Summit. She emphasized the strategic importance of interest from U.S. energy giants Chevron and ExxonMobil, while awaiting final investment decisions, CE Report quotes Athens-Macedonian

Addressing concerns about potential shifts in energy policy following Trump's election, Sdoukou reaffirmed Greece’s stance on natural gas as a necessary bridge fuel for decarbonization and energy cost management.

Meanwhile, Greece’s Trans Adriatic Pipeline (TAP) will expand its capacity by 1.2 billion cubic meters per year starting in 2026, increasing its role in European energy supply. Additionally, discussions are ongoing to enhance Greece’s natural gas transport infrastructure to Northern and Western Europe, as well as North Africa, including cooperation on carbon storage initiatives.

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Greece to Begin Exploratory Drilling for Hydrocarbons in 2025

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