Greece Sends Firm Message to Turkey Over Gas Rights

Greece’s Minister of Environment and Energy, Stavros Papastavrou, sent a strong connection to Turkey connected Monday, September 29, regarding the jurisdiction and exploitation of earthy state successful the Eastern Aegean.

“With respect to Chevron, we person thing to sermon with Turkey, arsenic the Prime Minister made very wide successful his interrogation with the Wall Street Journal. In different words, kazán-kazán (win-win) does not use to our sovereign rights, which are non-negotiable and not up for sharing,” Papastavrou stressed successful an interrogation with Greek broadcaster ANT1.

At the aforesaid time, helium noted that there are areas of communal involvement with Turkey that tin beryllium discussed “constructively and not done threats,” citing tourism arsenic a premier example.

Greece arsenic an Energy Hub

The curate underlined that Greece’s governmental and economical stability, strategic position, and infrastructure marque it a cardinal vigor hub successful the wider region, arsenic well arsenic a strategic spouse for the United States.

He pointed to the upcoming Partnership for Transatlantic Cooperation connected Energy (P-TEC) conference, to beryllium hosted successful Athens connected November 6–7. The lawsuit will bring together much than 20 vigor ministers and 400 representatives from governments and companies worldwide. U.S. Energy Secretary Chris Wright will attend, pursuing the caller visit of Doug Burgum, caput of the U.S. National Energy Sovereignty Council.

“Mr. Burgum, a elder subordinate of the Trump administration, chose Greece arsenic the archetypal state to visit. That successful itself sends a message. Now Secretary Wright is coming too, not alone, but with an planetary delegation. Greece is becoming successful signifier an vigor hub not conscionable for Europe but besides for America,” Papastavrou said.

Chevron’s Entry into Greek Hydrocarbons

Commenting connected Chevron’s information successful Greece’s hydrocarbon tender, Papastavrou described it arsenic a “highly important development.” If exploration confirms commercially viable reserves, helium said, the state will undergo a transformative displacement some economically and energetically.

“If the surveys are successful, Greece will nary longer import earthy gas. Energy will beryllium cheaper for households and businesses, improving competitiveness. The state will execute vigor self-sufficiency, and the standard of surviving of Greek citizens will emergence substantially,” the curate emphasized.

Next Steps

According to Papastavrou, the statement will beryllium submitted to the Court of Audit successful November earlier being ratified by parliament. Seismic and geophysical surveys are expected to statesman successful aboriginal 2026 and will take two to three years to complete.