Chevron

This step marks a significant development in Greece’s ongoing efforts to tap into its underexplored energy reserves.

Chevron recently declared its intent to explore a third area, south of the Peloponnese.

“The interest from Chevron is important because a leading American multinational chooses to invest in Greek maritime plots, thus practically recognizing Greece's EEZ in the area,” the prime minister said.

Chevron has formally expressed interest in the offshore area "South of the Peloponnese" and, as of March 26, also for blocks "South of Crete I" and "South of Crete II."

Multinational expresses interest in hydrocarbon exploration in two blocks due south of the large island of Crete

This development follows Chevron’s recent interest in an offshore area south of the Peloponnese, a move that was reaffirmed today and has already been approved by the ministry.

Chevron and HELLENiQ ENERGY have already shown interest

The MoU on CO2 storage is to be signed on Monday, February 17, during the EGYPES 2025 international petroleum exhibition in Cairo.

The Minister emphasized that natural gas is crucial for Greece and Europe's green transition as a bridge fuel, citing recent unfavorable weather in Central Europe that rendered wind turbines and solar panels ineffective.