Geological surveys of the sea area south of Crete have indicated that up to 10 trillion cubic feet of natural gas are hidden under the sea bed according to the Greek daily Ta Nea. The area which has been given the name "Thalos" in honour of the mythical giant automaton made out of bronze, whose mission was to protect Europa on Crete from pirates, has been leased up for eight years of drilling and research.
Greek and American officials hailed on Monday during a
teleconference the partnership between the giants Exxon Mobil of the USA, Total
of France, and Hellenic Petroleum on two offshore exploration licences off
Crete, as mentioned above.
Among the topics discussed by the group was the potential of
private investments from the United States in the Greek energy sector and
expanding cooperation in renewables, following new legislation passed by
Athens, facilitating such investments.
The delegation also called for adherence to the provision of
international law, and to promote good
neighbourly relations for the benefit of reciprocal stability and security, thus
creating a profitable environment for the diversity for energy sources
and routes.
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| Happy and Beneficial Explorations! |
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