The Greek government is diversifying energy and accelerating the development of Greek oil and gas fields, Handelsblatt notes. “The war in Ukraine is forcing the Greek government to change its tactics,” Handelsblatt wrote in an article from Athens entitled “Greece discovers its mineral wealth.” German financial edition notes: “In 2021, Greece covered 50% of its […]
Tag: gas fields
Exploration of natural gas deposits in the Ionian Sea and Crete
The Prime Minister of Greece specified on Friday, March 25: “Our country is provided with gas until the end of 2022.” Even though the summit EUwhich took place on March 24 and 25 in Brussels and was devoted to the discussion of energy problems, agreements were reached to a certain extent, Greece intends to clarify […]
Cyprus transfers title to Block 5 to ExxonMobil and Qatar Petroleum
On Thursday, the Cypriot government granted a consortium of ExxonMobil and Qatar Petroleum a license to explore for natural gas offshore, Katimerini Cyprus reported. Energy Minister Natasha Pilides said ExxonMobil will manage the Block 5 concession with a 60% stake. “I was also allowed to sign, on behalf of the Republic of Cyprus, an exploration […]
Erdogan says Turkey has discovered an additional 135 billion cubic meters of natural gas in the Black Sea
President Tayyip Erdogan said on Friday that Turkey discovered 135 billion cubic meters of additional natural gas in the southern part of the Black Sea, bringing the total explored reserves in the region to 540 billion cubic meters. Last year, the Turkish drilling Fatih discovered 405 billion cubic meters of natural gas from the Sakarya […]