Greece remains the third most unexplored country in the East Mediterranean with promising prospects of energy discoveries that are…
Estimates by petroleum geologists, engineers and energy economists indicate that a possible volume of 10 trillion cubic feet of gas lies in the sea area south of the Greek island of Crete…
- Antonia Dimou
- Modern Diplomacy
It is in this context that Greece supports development of indigenous maritime blocks and land areas that can produce investment revenues and royalties associated to hydrocarbon volumes.
Revenues and royalties are explicitly specified in contracts signed between the Greek state and…