Gov't meeting on hydrocarbon exploration

(Photo credit: Wikipedia)

Greek Prime Minister Antonis Samaras would on Wednesday participate in a meeting on the data obtained from the seismic surveys for hydrocarbons in the Ionian Sea and in the south of Crete. The meeting would be held at the Environment, Energy and Climate Change Ministry.

According to reports, the surveys, which were conducted by the Norwegian PGS company, and which were completed at the end of 2013, will now make way for the tender and the concession of 10-15 research areas later on this year.

Other topics at discussion at the meeting are expected to focus on the agreement between Greece's natural gas corporation DEPA and Russia's Gazprom for a 15 pct retrospective reduction in natural gas prices.

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