Greece will start exploring hydrocarbons for the first time in 22 years.
This was stated by Prime Minister of Greece Kyriakos Mitsotakis, Ukrinform reports with reference to Protagon.
“Greece is accelerating hydrocarbon exploration, our country may have significant gas reserves,” Mitsotakis said.
He added that the exploration of gas deposits will be completed by the end of next year, while the first exploratory drilling will be launched by the end of 2023.
“If we have usable volumes (of gas – ed.), we will replace imports with national wealth… But we need to know exactly whether we have gas reserves that are economically feasible,” the head of government said.
According to the prime minister, Russia’s invasion of Ukraine has revealed “Europe’s structural energy weakness”, which has consequences for all EU citizens.
As reported, Russian gas covers about 40% of Greece’s annual energy needs, while the country is expanding the use of renewables.