Call to Tender Announced by Greek Govt. for 2 Energy Blocs

The Greek government has officially opened an international call to tender for the concession of rights to explore and exploit hydrocarbons in the Ionian Sea, off western Greece.

Energy and Climate Minister Theodoros Skylakakis signed off on the relevant call to tender regarding the offshore regions, designated as “South of the Peloponnese” and “A2” blocs, for which Chevron and HELLENiQ ENERGY had shown interest, respectively.

According to the official announcement, this initiative follows the Ministry of Environment and Energy’s approval of the expressions of interest submitted by the two companies. As part of the process, the minister has endorsed the Hellenic Hydrocarbon and Energy Resources Management Company (HEREMA) tender. The bidding period will remain open for 90 days from the date of its publication in the European journal.

The process was already underway, Skylakakis had signed a decision on January 23 outlining the exact boundaries of the offshore areas granted for hydrocarbon exploration and exploitation. Commenting on the announcement, the minister stated that this marks a significant step toward strengthening Greece’s energy security by facilitating the search for substantial natural gas reserves.

Skylakakis emphasized that natural gas serves as a transitional fuel in the country’s energy shift, an area where Greece is leading the way.

A few days prior, he had met with Chevron executives on the sidelines of the EGYPES 2025 international exhibition in Cairo. The discussions focused on the prospects of the American oil giant’s operations in Greece, further underscoring the increasing foreign interest in the country’s energy sector.

Source: Tovima.com