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2 clusters · 2 sources · 19 days · First seen · Last updated

Ionian Sea natural gas exploration project

Overview

A consortium including ExxonMobil, HELLENiQ ENERGY, and Energean is preparing for exploratory drilling in the Ionian Sea’s Block 2, a project named ‘Asopos 1’. The operation is targeted to begin in February 2027 and could tap into natural gas resources estimated at up to 200 billion cubic meters.

To support the project, the port of Igoumenitsa has been designated as the primary logistics base. This facility will manage the transport and storage of equipment, hazardous materials, and chemical muds. While the project is expected to generate approximately 10 million euros in economic activity for Greek businesses, the plan has faced criticism. Local concerns focus on industrial risks to residential areas, potential atmospheric pollution, and the prioritization of energy monopolies over community needs following the privatization of OLIG.

Entities

Igoumenitsa · Ionian Sea · Corfu · OLIG · Helleniq Energy

Timeline

  1. 12 days ago

    [POLITICS] 2 sources
    Igoumenitsa port targeted as logistics base for Ionian Sea drilling

    Plans to begin Ionian Sea hydrocarbon drilling by February 2027 involve turning Igoumenitsa port into a logistics base, raising environmental and industrial risks for local residents.

  2. 30 days ago

    [BUSINESS] 2 sources
    ExxonMobil and partners target 2027 for Ionian Sea gas drilling

    ExxonMobil, HELLENiQ ENERGY, and Energean aim to begin ‘Asopos 1’ gas drilling in the Ionian Sea by February 2027, utilizing Igoumenitsa as a supply base.

Sources

corfutvnews.gr · kerkyraikiapopsi.gr