ATHENS, Jan 20 (Reuters) - U.S. oil producer Chevron ( CVX )
has expressed interest in exploring for hydrocarbons
southwest of the Peloponnese peninsula in Greece, the Greek
energy ministry said on Monday.
The ministry's statement added that it would issue a
decision this week on the exact area of exploration and would
launch an international tender soon.
"It is a very important development, part of our national
strategy for energy independence and reducing energy costs," the
ministry said.
Russia's invasion of Ukraine and fears over gas supplies in
Europe have forced the European Union to seek ways to reduce
reliance on Russian gas. That has increased the need for Greece
to tap domestic resources.
Greece, which views gas as a transition fuel as it ramps up
renewables capacity, has produced small quantities of oil in the
past and has attempted to explore its hydrocarbon potential.
(Reporting by Angeliki Koutantou
Writing by Renee Maltezou
Editing by David Goodman
)