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Friday, January 21, 2022

Evidence for natural gas deposits in Crete

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“There are solid indications that Greece – and in particular Crete – could have important gas fields. Our mission is to encourage investors in every way possible to quickly proceed with the necessary geological surveys in order to have clarity on the existence, size and potential value of these deposits.” This was stated by the CEO of the Hellenic Hydrocarbon Management Company, Dr. Aristophanes Stefatos, speaking at the conference entitled “Hydrocarbons in Energy Transition, Data and Policies” of the Petroleum Research Institute of the Institute of Research and Technology and the Institute of Energy in Southeastern Europe.

Mr. Stefatos referred to the necessity of using natural gas as a fuel “bridge” to the energy transition, as well as to the current situation of the energy crisis. As he said, gas prices in Europe have risen by 250% since the beginning of the year. “This means, he concluded, that Greece currently has a unique opportunity to develop research and development activities for natural gas fields, contributing to the promotion of the ‘green’ transition and security of supply and gaining significant economic and geostrategic benefits in the process.”

SOURCE: AMNA

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