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Athens Macedonian News Agency: News in English, 14-10-04

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Greece to launch hydrocarbon exploration tenders this month

  • [01] Greece to launch hydrocarbon exploration tenders this month

    Greek authorities will launch this month a tender on hydrocarbon research in the Ionian Sea and southern Crete sea, with the signing of contracts scheduled to be held in October 2015.

    Alexandra Sdoukou, legal advisor and director of Environment, Energy and Climate Change minister's office, presenting the timetable of the tender, said that Greece will offer 20 sea blocks for research and exploitation of hydrocarbon fields and noted that research so far showed there were encouraging signs of hydrocarbon fields which were accompanied by a transparent and competitive regulatory framework, low taxation (25 pct) and the country's strategic position "a safe harbor in a turbulent region".

    Yiannis Maniatis, Environment, Energy and Climate Change Minister, presented the biggest energy projects currently underway in Greece and said that energy groups were showing great interest in the hydrocarbon tender. Maniatis said that a final investment decision on a Greek-Bulgarian natural gas pipeline (IGB) -supported by Greek and Bulgarian governments- was expected to be reached by the end of the year, while he excluded the possibility of seeking shale gas or shale oil fields in Greece.

    Energean will participate in a forthcoming tender for hydrocarbon research in the areas of Arta-Preveza, Aetoloakarnania and Southwest Peloponese. Energean has already signed similar contracts for hydrcarbon research in Ioannina and Katakolo which have been ratified by Greek Parliament.

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