Greece is rapidly positioning itself as a strategic hub for energy
Greece is rapidly positioning itself as a strategic hub for energy diversification, Foreign Minister Giorgos Gerapetritis said at the 6th OT Forum, held in Athens on Nov. 6–7 under the theme “The Enterprise of the Future: Transformation and Value Creation.”
Gerapetritis highlighted the significance of the 3+1 energy ministerial format — involving Greece, Cyprus, Israel, and the United States — as well as the recent agreement granting ExxonMobil a 60% stake in the Energean–Hellenic Energy consortium, which holds hydrocarbon exploration rights in Block 2 of the Ionian Sea.
Describing the 3+1 framework as a “high-level geopolitical alliance,” Gerapetritis said it fosters conditions for a coordinated, allied approach in the region. He emphasized the strategic importance of Israel and Cyprus and affirmed that the partnership is “here to stay and to grow stronger.”
Energy Transition and Strategic Independence
Greece is set to become a key player in energy diversification, Foreign Minister Gerapetritis said, citing the impact of Russia’s invasion of Ukraine on Europe’s strategic energy needs. He highlighted the country’s renewable energy, now 55% of the mix, and emphasized LNG projects like the Alexandroupoli FSRU as vital for both Europe’s energy autonomy and Greece’s geopolitical standing.
On the EastMed pipeline, Gerapetritis acknowledged
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