Exxon Mobil to begin gasoline reserve seismic surveys in Greece By Reuters

ATHENS (Reuters) -Exxon Mobil will begin conducting seismic surveys in two blocks southwest of Greece’s Peloponnese peninsula and the island of Crete within the coming days, Prime Minister Kyriakos Mitsotakis mentioned on Monday.

Greece, an entry level for within the jap Mediterranean, aspires to turn into a gasoline producer and a hub for the storage and switch of gasoline to the remainder of Europe, given its location and investments on associated infrastructure.

“Our nation, no matter its deal with a quick inexperienced transition, is obliged to discover if it has the potential to mine pure gasoline, which is able to contribute to our nation’s vitality safety and Europe’s,” Mitsotakis mentioned.

“These surveys will start by ExxonMobil (NYSE:) within the coming days,” the conservative premier mentioned throughout an interview with Greece’s Ant1 TV.

In July, ExxonMobil and Greece’s largest oil refiner HelleniQ Power agreed to take over TotalEnergies’ share in two contracts for gasoline and oil exploration off Crete, after the latter pulled out.

ExxonMobil is the operator, proudly owning 70% of the rights for in search of hydrocarbons off Crete. HelleniQ Power holds the remainder.

Mitsotakis mentioned in April the nation plans to hurry up exploration for gasoline reserves to switch Russian gasoline with indigenous sources. The nation goals to have a transparent concept by 2023 on whether or not it has gasoline reserves it may faucet.