Exxon Mobil will start conducting seismic surveys in two blocks southwest of Greece’s Peloponnese peninsula for gas storage

Exxon Mobil will start conducting seismic surveys in two blocks southwest of Greece’s Peloponnese peninsula and the island of Crete in the coming days, Prime Minister Kyriakos Mitsotakis said on Monday.

Greece is an cricitally located for natural gas in the eastern Mediterranean and will aim to become a gas producer and a hub for the storage and transfer of gas to the rest of Europe, given its location and investments on related infrastructure

Our country, regardless of its focus on a fast green transition, is obliged to explore if it has the potential to mine natural gas, which will contribute to our country’s energy security and Europe

Kyriakos Mitsotakis, Prime Minister of Greece

These surveys will begin by ExxonMobil in the coming days

Kyriakos Mitsotakis, Prime Minister of Greece

Mitsotakis announced in April the country plans to speed up exploration for gas reserves to replace Russian gas. The country aims to have a clear idea by 2023 on whether it has gas reserves it could tap. For upcoming winter season Greece made an agreement with Bulgaria for stategic reserve in Chiren.

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