Environment and Energy Minister, Stavros Papastavrou, signed the Ministerial Decision announcing an international tender by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) for the concession of hydrocarbon exploration and exploitation rights in the offshore areas south of the Peloponnese ("A2" and "South of the Peloponnese") and in the offshore zones south of Crete ("South of Crete 1" and "South of Crete 2").
This decision follows the acceptance of expressions of interest submitted by U.S. energy giant Chevron for one offshore area south of the Peloponnese and two areas south of Crete, as well as by HELLENiQ Energy for the "A2" offshore block south of the Peloponnese.
The international tender is expected to be published for 90 days in the Official Journal of the European Union, allowing interested companies to submit their bids.
"The Ministry of Environment and Energy is faithfully and reliably completing the timeline for issuing ministerial decisions regarding the acceptance of expressions of interest, the definition of exact coordinates, and the announcement of the relevant tender," the ministry emphasized.