Browse through our Interesting Nodes on Greek History & Hellenism Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Friday, 29 March 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens Macedonian News Agency: News in English, 14-02-27

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] "Greek state may get 150 bln euros from hydrocarbon deposits"

  • [01] "Greek state may get 150 bln euros from hydrocarbon deposits"

    ANA-MPA -- There is strong evidence of significant hydrocarbon deposits in Western Greece, Epirus and the Ionian Sea, Prime Minister Antonis Samaras said on Wednesday, after chairing a meeting at the environment, energy and climate change ministry. Based on estimates, their exploitation may generate to 150 billion euros in revenues for the Greek state in the next 25-30 years, the premier said.

    In addition to chairing the meeting, Samaras also visited the ministry's data room, where all the data collected so far in hydrocarbon exploration throughout Greece is held. In statements, he also referred to Tuesday's agreement with Gazprom to lower the price of natural gas and said this must be passed on to consumers, lowering energy costs for households and giving a strong boost to the economy's competitiveness.

    The prime minister outlined plans for a new national energy strategy along five main axes, including:

    Hydrocarbon exploration and exploitation, which he stressed will be conducted with transparency, respect for the environment and with the employment of as many Greek technical staff as possible

    Exploiting the geopolitical consequences arising from the country's position and the role it can play in the movement of energy resources to Europe.

    Boosting social cohesion by directing revenue from hydrocarbons to the country's social insurance system, along the same lines as the system used in Norway, and to build infrastructure.

    Establishing synergies with other sectors of the economy, so that the country's energy resources become a springboard for an overall improvement in competitiveness.

    Establishing the country as an energy hub in the research, production and distribution of energy products.

    According to Samaras, the implementation of this strategy would require daring, planning and international alliances. He said that all contracts relating to hydrocarbon exploration and drilling, starting with that for the Patras Gulf and Ioannina that are due to be completed soon.

    With regard to a 15 pct reduction in the natural gas price negotiated with Gazprom, the prime minister said that the new price for Greece was much closer to the European average and lower than prices in the surrounding region, changing the picture that had existed before.

    Statements were also made by Environment, Energy and Climate Change Minister Yiannis Maniatis, who outlined the progress made in hydrocarbon exploration efforts so far and said that Greece now had reasons to feel optimistic. He also thanked Samaras for his contribution to efforts to exploit the country's hydrocarbon reserves.


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Thursday, 27 February 2014 - 9:38:07 UTC