Chevron-Hellenic Energy Consortium’s selection: A geopolitical analysis for Greece and the Eastern Mediterranean
In a very important development, the Chevron-Hellenic Energy consortium has been selected as the preferred investor for 4 blocks south of Crete. This selection opens a new chapter in hydrocarbon exploration and carries significant geopolitical weight for Greece, the wider region, relations with Turkey, and US interests in the Eastern Mediterranean.
Significance for Greece and the Mediterranean Energy Chessboard
The formal award of Chevron’s 4 domestic offshore fields is a very important development, opening hydrocarbon exploration in a very promising area, which has also attracted ExxonMobil to Greece. Beyond a clear ‘vote of confidence’ in the Greek fields, the arrival of the American giant at a critical geopolitical juncture brings significant benefits. It has major geopolitical dimensions, as it aligns with wider US energy interests in the region and serve
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