Greece is poised to become energy gateway for southeast Europe and the East Med

Chevron has just filed a request to acquire a 70 per cent stake in offshore Block 10 in the Ionian Sea that is expected to be granted by Greece. The following examines how this changes the energy and geopolitical balances around the wider East Med.

Chevron’s gradual expansion from the Ionian sea to the south of Crete creates a unified energy axis under an American “umbrella”, which upgrades Greece’s position in Western energy planning and strengthens its role as a natural gas gateway to Europe....