Feb 16 • 10:53 UTC 🇬🇷 Greece Naftemporiki

Stavros Papastavrou on the agreement with Chevron: It's not a step, it's a leap – Energy strategy is a national matter

The Greek Minister of Environment and Energy emphasized the geopolitical significance of the Chevron agreement, stating it enhances Greece's energy security.

Stavros Papastavrou, the Greek Minister of Environment and Energy, highlighted the strategic importance of the new leasing agreements between the Greek state and the Chevron-HELLENiQ ENERGY consortium for four offshore areas south of Crete and the Peloponnese. He enthusiastically described the deal as more than just a step; rather, he asserted that it represents a significant leap forward for Greece's energy strategy. The minister welcomed Chevron, noting its status as one of the world's leading oil companies and emphasized how this partnership strengthens Greece's energy security amid a period recognizing the increasing role of hydrocarbons in the coming years.

During the presentation and signing of the contracts, Papastavrou elaborated on Greece's comprehensive energy strategy, citing the considerable increase in various resources allocated over the past five years compared to the previous decade. He pointed to the emphasis on developing energy infrastructure and interconnections, indicating a substantive shift in how Greece is approaching its energy needs, particularly relevant given current geopolitical contexts.

The minister conveyed a clear message about the national importance of the agreement, noting that the integration of hydrocarbons into Greece's energy mix is becoming increasingly acknowledged as vital. The statement reflects a broader trend of countries reassessing their energy strategies in light of the recent global energy landscape, underscoring the strategic imperative of energy independence and security in the region.

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