{"id":10908,"date":"2026-06-15T19:45:00","date_gmt":"2026-06-15T16:45:00","guid":{"rendered":"https:\/\/en.tomanifesto.gr\/?p=10908"},"modified":"2026-06-15T19:45:00","modified_gmt":"2026-06-15T16:45:00","slug":"what-chevrons-new-investment-means-for-greek-energy-and-geopolitics-video","status":"publish","type":"post","link":"https:\/\/en.tomanifesto.gr\/?p=10908","title":{"rendered":"What Chevron’s new investment means for Greek energy and geopolitics (video)"},"content":{"rendered":"

Chevron’s new investment<\/b> strengthens Greece’s energy security of Greece<\/b> and upgrades its geopolitical role in the Eastern Mediterranean<\/b>.<\/p>\n

The entry of Chevron into Block 10<\/b> in the Gulf of Kyparissia marks one of the most significant developments <\/b>in recent years in the Greek energy sector<\/b>, as it substantially strengthens the investment footprint of major international groups in the Greek EEZ<\/b> and puts the country back on the hydrocarbon exploration map hydrocarbons<\/b> in the Eastern Mediterranean<\/b>. The expansion of cooperation with Hellenic Energy and the assumption of an operational role<\/b> by the American multinational confirm the increased interest in areas<\/b> with already mature geophysical data<\/b>, at a time when Europe <\/b>is seeking stable energy sources and diversification of supplies<\/b>. At the same time, the speed with which the approvals were granted underscores the strategic priority assigned to these specific projects<\/b>, which are directly linked both to energy security<\/b> as well as to Greece\u2019s geopolitical elevation<\/b> as a regional hub in Southeast Europe<\/b>.<\/p>\n

Chevron is strengthening its presence in Greece<\/b>, following the approval of its application to enter the offshore block<\/b> 10 of the Kyparissia Gulf, where, together with Hellenic Energy<\/b>, it will conduct surveys to locate hydrocarbons, <\/b>as noted by Ertnews.gr. This is the fifth offshore block that <\/b>is entering, following the two blocks west of Crete<\/b>, the block west of the Peloponnese, and Block 2 in the Ionian Sea.<\/b><\/p>\n

Reliable energy partner<\/h3>\n

Energy Minister Stavros Papastavrou stated: \u201cGreece has established itself as a reliable energy partner in the wider Eastern Mediterranean region. With consistency and a clear plan, it is strengthening our energy resilience, attracting high-value-added investments, and continuously upgrading its geostrategic position.\u201d<\/p>\n

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<\/div>\n<\/figure>\n

The importance of strategic cooperation between the USand Greece on energy security issues, as well as the geopolitical benefits for Greece, was highlighted by U.S. Ambassador Kimberly Gilfoyle: \u201cIt accelerates Greece\u2019s emergence as a dynamic regional energy hub and a strategic pillar of energy security in Southeast Europe.\u201d<\/p>\n

Chevron had submitted the application on May 28 and will enter Block 10 as a contractor, with a 70% stake, provided the necessary administrative steps and approvals for the transfer of the stake from Helleniq Energy are completed.<\/p>\n

The agreement <\/h3>\n

Andrew Digam, CHEVRON\u2019s Director of Exploration for the Middle East and North Africa, emphasized that: \u201cWe value the strong relationship we have already built together, and with the finalization of this agreement to acquire a 70% working interest and management of Block 10, we look forward to further strengthening this partnership.\u201d<\/p>\n

Andreas Siamis, CEO of Helleniq Energy: \u201cThe development of this partnership is something that will obviously benefit our company, but more broadly, the country, the region, and the European Union.\u201d<\/p>\n

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Aristophanes Stefatos, CEO of the Hellenic Hydrocarbons and Energy Resources Management Company (EDEYEP), stated that: \u201cThe successful completion of all necessary approvals for Chevron\u2019s entry into Block 10, in less than 20 days, represents yet another outstanding administrative achievement and another significant milestone for the Greek hydrocarbon exploration program.\u201d<\/p>\n

In Block 10, studies and seismic data surveys have already been completed since 2023, and it is considered, the second most mature area after Block 2 in Corfu; water depth in the area ranges from 500 to 2,500 meters.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chevron\u2019s new investment strengthens Greece\u2019s energy security and enhances its geopolitical role in the Eastern Mediterranean.
\nThe entry …<\/p>\n","protected":false},"author":1,"featured_media":10909,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-10908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/10908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10908"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/10908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/10909"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}