Hellenic Hydrocarbon Resources Management (HHRM) is responsible for managing national interests regarding the exploration, research, and production of hydrocarbons, in addition to offshore safety of oil and gas operations. As of April 2022, HHRM is also the competent authority for the licensing and monitoring of carbon capture and storage (CCS) projects and underground storage projects (UGS) relating to CO2 and other potential gases and liquids. The company is primarily focused on accelerating the development of Greece’s upstream sector, with a particular focus on natural gas, as an integrated part of Greece’s National Energy and Climate Plan. In addition, HHRM is exploring potential synergies between the oil and gas industry and new energy technologies such as CCS, offshore wind and hydrogen. HHRM maintains an open-door policy with attractive conditions for potential investors, and looks forward to welcoming new partners to further develop Greece’s energy resources in an effort to support the country’s economic and social development.
Energy Sector Powers Up
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By the end of 2022, 88,000 millionaires are anticipated to relocate to new countries, and in 2023, record flows are predicted, reaching 125,000 relocations for HNWI 💶 - and Greece is at the top of their lists. Thanks in part to Greece’s Golden Visa programme,
A new luxury hotel 🏨 and casino 🎰 project is on its way to Greece! Leading Greek construction firm GEK Terna will partner up with Hard Rock International on a 30-year concession for Greece’s first integrated resort and casino. It’s Hard Rock’s first time working with a
In the first 5 months of 2022, Greek airports ✈️ have seen more than 14 million visitors, matching 86% of 2019 levels based on preliminary data from the Civil Aviation Authority. And May 2022’s international arrivals have actually surpassed levels from May 2019 -
Greece makes big strides in the RES field, climbing 3 spots 📈 to 21st on EY’s Renewable Energy Country Attractiveness Index. This comes thanks to the country’s goal of doubling installed RES capacity by 2030, as well as the inauguration of one of the largest PV parks in Europe,
For small businesses that are looking to get into sustainable agriculture and tourism, there’s good news: a total of €49 million 💶 in Recovery and Resilience Facility (RRF) funding will be available for SMEs that are seeking to invest in agrotourism projects 🚜.
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