Cyprus Times

Greece and Chevron Sign Agreements for Hydrocarbon Exploration

Published February 16, 2026, 14:09
Greece and Chevron Sign Agreements for Hydrocarbon Exploration

Greece and Chevron have signed lease agreements for the exploration and exploitation of hydrocarbons in marine areas south of the Peloponnese and Crete. Prime Minister Kyriakos Mitsotakis described the agreement as a strengthening of the country's energy strategy, emphasizing that the area of the marine plots covered by the agreement almost doubles compared to the previous research program. The agreement is a continuation of the government's efforts to exploit the country's energy resources and reduce dependence on Russian natural gas.