By Angeliki Koutantou and Lefteris Papadimas ATHENS (Reuters) – U.S. oil major Chevron has submitted a bid to explore for natural gas in four blocks offshore Greece in a consortium with Greece’s Hellenic Energy, Greece’s Energy Minister Stavros Papastavrou said on Wednesday. The country launched the tender this year after Chevron and oil refiner Hellenic […]
Business
Chevron bids in tender for gas exploration offshore Greece
Audio By Carbonatix
By Angeliki Koutantou and Lefteris Papadimas
ATHENS (Reuters) – U.S. oil major Chevron has submitted a bid to explore for natural gas in four blocks offshore Greece in a consortium with Greece’s Hellenic Energy, Greece’s Energy Minister Stavros Papastavrou said on Wednesday.
The country launched the tender this year after Chevron and oil refiner Hellenic Energy expressed interest in four deep-sea blocks off the Peloponnese peninsula and the island of Crete.
The deadline for bids was at 1700 (1400 GMT) on Wednesday.
A Chevron spokesperson confirmed the bid for the four blocks.
“Chevron has a large and important position in the Eastern Mediterranean, a region which is very much a part of our future and a priority for us.”
Greece, which produces very small volumes of oil, has ramped up renewables output in recent years but still relies heavily on gas for power generation. The country aims to tap domestic resources as part of a European Union push to shift away from Russian energy after Moscow invaded Ukraine.
Major gas finds off Egypt, which lies south of Crete, have sparked hopes that Greek waters could also contain significant gas reserves.
The area off Crete borders two licensed blocks where an ExxonMobil-led consortium has been evaluating seismic data before taking any final decision on test drilling.
(Reporting by Angeliki Koutantou and Lefteris Papadimas;Additional reporting by Sheila Dang; Editing by Edward McAllister, Kirsten Donovan)