In accordance with the Minister of Surroundings and Vitality, Mr. Theodoros Skylakakis, the primary exploratory drilling for pure gasoline in Greece is predicted to happen in late 2025 and early 2026.
As identified by Mr. Skylakakisthe gradual restriction of Russian pure gasoline imports to EU will increase the significance of the Japanese Mediterranean in guaranteeing vitality safety and diversifying Europe’s sources of provide.
On this context, Greece already performs an necessary position in supplying European nations with gasoline from the Japanese Mediterranean area which is transported in liquefied type, gasified and launched into the Greek community and additional channeled by the prevailing worldwide interconnections.
On the identical time, the procedures for hydrocarbon investigations in Israel, Egypt, Cyprus and Greece are in progress.
Mr. Skylakakis made particular reference to the event means of the “vertical” pure gasoline hall with investments to reinforce the transmission capability from the Greek community to the north.
As well as, he made the proposal to increase the scope of the EMGF to the sector of underground storage of carbon dioxide, an exercise that’s anticipated to develop additional within the coming years because the decarbonization of business accelerates.
For this goal, it’s deliberate to make use of depleted pure gasoline fields as storage, amongst them the Prinos subject with investments financed by the Restoration Fund.
Answering questions, Mr. Skylakakis stated that the ministry’s plan for the event of vitality storage, which is important to stability the system in situations of excessive penetration of renewable sources, will quickly be introduced.
In accordance with the info he introduced, in April RES (together with giant hydroelectric crops) coated over 63% of electrical energy demand in our nation.
With info from newsit, EMGF Secretary Common Osama Mobarez praised the position of our nation in connecting the Japanese Mediterranean with the EU, whereas the Director Common of the Ministry of Vitality, Commerce and Business of Cyprus Marios Panagidis referred to the position of the Cypriot vitality deposits for the EU’s vitality safety, in addition to in vitality interconnection plans to elevate the island’s isolation.
Members of the East Mediterranean Gasoline Discussion board are: Greece, Cyprus, Egypt, France, Israel, Italy, Jordan and Palestine, whereas the EU, the USA and the World Financial institution take part as observers.
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