Greece is rapidly positioning itself as a strategic hub for energy diversification, Foreign Minister Giorgos Gerapetritis said at the 6th OT Forum, held in Athens on Nov. 6–7 under the theme “The Enterprise of the Future: Transformation and Value Creation.”
Gerapetritis highlighted the significance of the 3+1 energy ministerial format — involving Greece, Cyprus, Israel, and the United States — as well as the recent agreement granting ExxonMobil a 60% stake in the Energean–Hellenic Energy consortium, which holds hydrocarbon exploration rights in Block 2 of the Ionian Sea.
Describing the 3+1 framework as a “high-level geopolitical alliance,” Gerapetritis said it fosters conditions for a coordinated, allied approach in the region. He emphasized the strategic importance of Israel and Cyprus and affirmed that the partnership is “here to stay and to grow stronger.”
Energy Transition and Strategic Independence
Greece is set to become a key player in energy diversification, Foreign Minister Gerapetritis said, citing the impact of Russia’s invasion of Ukraine on Europe’s strategic energy needs. He highlighted the country’s renewable energy, now 55% of the mix, and emphasized LNG projects like the Alexandroupoli FSRU as vital for both Europe’s energy autonomy and Greece’s geopolitical standing.
On the EastMed pipeline, Gerapetritis acknowledged the shifting geopolitical landscape, calling it a “useful tool” despite changing priorities. He highlighted growing electricity links with Egypt, broader African energy interests, and welcomed international involvement, including from the U.S.
Relations with Libya
Greece sees Libya as an “extremely complex” case Gerapetritis said, citing the Turkish-Libyan memorandum and Turkey’s involvement in the country. He noted that Athens maintains high-level ties with both administrations, a stance credited with reducing migration flows.
Gerapetritis stressed the importance of establishing an Exclusive Economic Zone (EEZ) with Libya. Talks, halted in 2010, have resumed, with Greece seeking an agreement aligned with international law. While the Turkish-Libyan memorandum remains a challenge, Libya has respected the median line in its offshore concessions, as seen in Chevron’s recent agreement.
Eastern Mediterranean Summit
Greece is boosting its regional influence, Foreign Minister Gerapetritis said, citing Prime Minister Mitsotakis’ initiative for a continuous Eastern Mediterranean summit. The talks aim to foster dialogue among neighboring countries and tackle shared maritime issues.
Despite challenges from Turkey and Libya, Gerapetritis stressed the discussions “benefit the region as a whole, and Greece in particular,” noting the country’s growing diplomatic capital.
Source: tovima.com
OT FORUM - Η ΕΠΙΧΕΙΡΗΣΗ ΤΟΥ ΜΕΛΛΟΝΤΟΣ
6 και 7 Νοεμβρίου 2025 | Μικρό Χρηματιστήριο
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