• 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 11 hours European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days Demonising fossil fuels has caused major grid problem in Australia
  • 8 days "And this is perhaps the most dangerous kind of government there can be."
  • 2 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 5 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 329 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 7 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Biden's Gas Tax Suspension Proposal Falls Flat In Congress

Biden's Gas Tax Suspension Proposal Falls Flat In Congress

President Biden asked Congress on…

Kazakhstan Speaks Out Against Russia Over Ukraine War

Kazakhstan Speaks Out Against Russia Over Ukraine War

Tensions are boiling over behind…

Greece To Boost Gas Exploration Efforts To Cut Russian Dependence

Greece plans to step up efforts to explore for natural gas in an attempt to reduce its 40-percent reliance on Russian gas, Greek Prime Minister Kyriakos Mitsotakis said on Tuesday.  

"Accelerating the exploitation of the country's national energy resources will allow us, if we are lucky and we have exploitable natural gas fields, to boost our energy independence, our energy security," Mitsotakis said, as carried by Reuters.  

The prime minister met with oil and gas industry officials and representatives of the Greek commission on hydrocarbons as the European Union and its members—including Greece—look to diversify their gas supply away from Russia in the wake of the Russian invasion of Ukraine.

The EU, overall, is dependent on Russian gas for over 40 percent of its supply. Greece is among the member states with high dependence on Russian supply and is looking for alternatives. Greece is part of the gas route from Azerbaijan to Italy via the Trans Adriatic Pipeline (TAP).

Greece has tried to explore its natural gas resources in the past, but a lack of political will stalled plans. Now, the EU and Greece are motivated to scour their own resources and non-Russian energy supply in an attempt to break the reliance on Russian oil and gas.

Greece also aims to be a hub for gas from the Mediterranean region and LNG imports.

"Greece has a significant potential to play as a renewable powerhouse, as an entry point for gas from the Eastern Mediterranean, either through pipelines, the EastMed project, or in the short term through LNG and we're talking to all parties involved. And of course we also want to move forward with strengthening our interconnections," Mitsotakis said last week during a meeting with EU Commissioner of Energy Kadri Simson.

Also last week, Greece said it would double its production of coal over the next two years in order to reduce the use of Russian natural gas.  

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News