Greece Speeds Up Gas Exploration to Help Reduce Russia Reliance

Greece, which covers about 40% of its annual energy needs with Russian gas, and views gas as a transition fuel.

Angeliki Koutantou and Renee Maltezou, Reuters

Greece will speed up gas exploration as it looks to cut its reliance on Russian energy, aiming at its first test drilling in more than two decades by the end of 2023, the prime minister said on April 12.

Russia's invasion of Ukraine and fears over gas supply in Europe have exacerbated a jump in prices, forcing the European Union to seek ways to reduce its use of Russian gas by two-thirds this year and completely phase it out by 2027.

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