Crete Energy Blocks Approved

Greece’s Environment and Energy Minister Stavros Papastavrou signed a ministerial decision on Friday defining the exact coordinates for the "South Crete 1" and "South Crete 2" sea blocks, paving the way for hydrocarbon exploration and exploitation, CE Report quotes Athens-Macedonian

The move precedes an international bidding process to be announced in the EU’s Official Journal by the end of April, with bids due by the end of August. Parliamentary approval is expected by year’s end.

This follows a prior decision on April 4, 2025, accepting an expression of interest from Chevron Balkans Exploration BV for the same blocks.

“The Mitsotakis government remains committed to making Greece energy-secure, investment-friendly, and strategically strong,” the ministry stated.