Papastavrou meets with ExxonMobil: Drilling in the Ionian Sea on track for 2027

The archetypal offshore exploration good successful 40 years successful the Ionian Sea is connected way to proceed, with drilling expected to statesman successful the archetypal 4th of 2027 arsenic portion of the plans of the ExxonMobil–Energean–Helleniq Energy consortium.

The improvement was discussed during a bilateral gathering betwixt Minister of Environment and Energy Stavros Papastavrou, Deputy Minister Nikos Chafos, and ExxonMobil Vice President John Ardill, held connected the sidelines of the 2nd time of the CERAWeek vigor league successful Houston.

The gathering was besides attended by Aristophanes Stefatos, CEO of EDEYEP, and focused connected the project’s implementation timeline.

Drilling to proceed wrong 12 months

The consortium aims to implicit each indispensable preparatory steps — including the mobilization of required exploration instrumentality — truthful that drilling tin statesman wrong 12 months.

Earlier, Papastavrou spoke astatine the Baker Institute astatine Rice University successful a treatment with the Institute’s Director, Kenneth Medlock. During the discussion, helium highlighted Greece’s relation successful the transatlantic vigor architecture, stressing that “the improvement of the hydrocarbons assemblage is portion of the vigor realism strategy of the Kyriakos Mitsotakis government.”

“Turkey’s threats cannot beryllium accepted”

Responding to a question astir Turkey’s stance, the curate stated that threats of unit are unacceptable and cannot beryllium utilized arsenic a argumentation tool. He emphasized that determination practice indispensable beryllium based connected respect for planetary law, trust, and credibility. In this context, helium noted that “the 3+1 practice strategy betwixt Greece, Cyprus, Israel, and the United States represents a caller exemplary of collaboration grounded successful respect for planetary rules and organization understanding.”

At the aforesaid time, helium attributed the stabilization of vigor prices successful Greece — contempt the situation successful the Middle East — to the country’s diversified vigor mix, peculiarly the accrued stock of renewable vigor sources. He added that the strategy for hydrocarbon exploration and exploitation is portion of the aforesaid broader model of “energy realism.”

Meeting with Ukraine’s Deputy Prime Minister

On the sidelines of the conference, Papastavrou besides met with Ukraine’s Deputy Prime Minister Denys Shmyhal, wherever they discussed strengthening vigor practice and concern prospects for Greek companies.

Finally, the Minister of Environment and Energy, unneurotic with the Deputy Minister, is scheduled to conscionable connected Tuesday with U.S. Secretary of the Interior and Chairman of the Energy Sovereignty Council Doug Burgum during the CERAWeek conference.