Skip to main content

Draft laws for hydrocarbon concessions in Ionian, off Crete in Parliament this week

The relevant environment and energy ministry on Wednesday tabled four draft laws in Parliament to ratify a same-number of concessions for hydrocarbon exploration and exploitation in sea regions off Crete and in the Ionian Sea. 

The draft bills deal with ratification of concessions under negotiation since 2019, with the Greek side referring to prospective investments by international energy giants of up to 140 million euros.