Last Tuesday, the Minister for the Environment and Energy Kostas Skrekas looked optimistic about ExxonMobil research in the Crete area. He spoke of high expectations for geological evidence look which can cover the gap left in Europe in 10 years Russian natural gas. This was calculated on an annualized basis by the International Energy Organization and the Commission at 30 billion cubic meters. Geological evidence of a seismic survey conducted in 2012 by the research vessel PGS on request EDEFEP (Hellenic Hydrocarbons) show increased opportunities for the existence of a deposit of 9 trillion. cubic feet or otherwise 280 billion sq.m. gas. This potential size is equivalent to twice its size. Cyprus deposit “Aphrodite” or the second largest Israeli field “Tamar”.

Interest shown by an American company ExxonMobil for two regions to the west and southwest of Crete since 2017 and his most active involvement since leaving Total in Franceraises expectations for a major gas field, according to people familiar with how oil companies operate internationally.

ExxonMobil’s interest in two areas to the west and southwest of Crete raises hopes of a major deposit.