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HYDROCARBON RESOURCES AND ENERGY POLICY IN GREECE TO IMPROVE SECURITY OF SUPPLY
Abstract
This paper sets forth in exploring the impact that developments in the energy sector in Greece may have on the economic growth of the country, and in the EU?s energy situation. The inspiration for this topic derived from a widely recognized need for the EU to reinforce, through multiple initiatives, developmental activities in the sector in countries located in the south-east Mediterranean region, diversify its energy supply and improve its energy security. Greece has a lot to offer towards that direction, confirmed by the fact that developments in the Hellenic Oil and Gas industry have witnessed a great boost in recent years. Political issues in the South-East Mediterranean region, various transportation options and the Hellenic legal and regulatory framework are presented. The results point that Greece is presented with new economic opportunities that through prudent management, cooperation, and the support of the EU could achieve the overall goals of boosting economic growth, developing the oil and gas industry, thus playing a key role in reducing the EU?s dependency on energy imports by diversifying supply routes and/or supply sources.
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