Greece is quickly establishing itself as one of the world’s fastest-growing renewable energy producers, yet the country remains committed to natural gas and is poised to begin hydrocarbon exploration as early as this year, according to officials from the Greek Ministry of Energy at the 14th Athens Energy Summit.
Greek Minister of Environment and Energy Thodoros Skylakakis emphasized Greece’s dedication to expanding energy interconnections and strengthening its renewable energy market. He highlighted the nation’s role as a key player in the global energy sector, underlining its readiness to pursue efficient energy links with Egypt, Saudi Arabia, and Cyprus.
Deputy Energy Minister Alexandra Sdoukou addressed concerns about a potential shift in government policy from renewables to natural gas. She clarified that there has been no policy change. Natural gas, she explained, is seen as a transitional fuel that helps Greece manage the cost of moving towards greener energy solutions. It acts as a bridge during the transition, with the entire European Union relying on it for the time being. Sdoukou further revealed that natural gas drilling could begin as early as 2025, potentially off the coast of Crete, depending on investor decisions. She also noted that US energy giant Chevron has expressed interest in the project, a sign of Greece’s growing political and economic stability. Chevron’s involvement marks an important milestone for the country, signaling a rise in investor confidence and Greece’s potential in the energy sector.
