PM Mitsotakis said that by 2023 Greece will know there are reserves that are economically viable to extract. Credit: AMNAGreece said on Tuesday that in 2023 it will be known whether it has natural gas reserves that are economically viable to extract, as the country tries to cut its reliance on Russian energy.
Prime Minister Kyriakos Mitsotakis who met the country’s hydrocarbons commission and energy industry executives said that Greece will speed up gas exploration projects in concert with private investors.
“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,” Prime Minister Kyriakos Mitsotakis said.
“We have indications that make us cautiously optimistic. We have to know with certainty whether there are reserves that are economically viable to extract. We will know it by the end of 2023,” he added.
Six areas where gas reserves make Greece cautiously optimistic
He explained that this concerns six areas that are located northwest of the island of Corfu, in the Ionian Sea, in the Gulf of Kyparissia and in the sea west and southwest of Crete, as well as in the regional unit of Ioannina.
