Presenting the timetable of the tender, the legal advisor and director of Environment, Energy and Climate Change minister's office, Alexandra Sdoukou, announced that Greece is going to offer 20 sea blocks for research and exploitation of hydrocarbon fields and noted that research so far showed there were encouraging signs of hydrocarbon fields which were accompanied by a transparent and competitive regulatory framework, low taxation (25 pct) and the Greece's strategic position "a safe harbor in a turbulent region".
In other related news, the Ministry of Environment, Energy and Climate Change presented the biggest energy projects currently underway in Greece and revealed that energy groups were showing great interest in the hydrocarbon tender. It was also noted that a final investment decision on a Greek-Bulgarian natural gas pipeline (IGB) -supported by Greek and Bulgarian governments- will be reached by the end of 2014, while the possibility of seeking shale gas or shale oil fields in Greece was excluded.
Energean is set to participate in a forthcoming tender for hydrocarbon research in the areas of Arta-Preveza, Aetoloakarnania and Southwest Peloponese. Energean has already signed similar contracts for hydrocarbon research in Ioannina and Katakolo which have been ratified by Greek Parliament.
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