NEWS

Israeli, US interest in oil, gas projects

An Israeli company has investigated the possibility of prospecting for oil or natural gas south of Crete, Kathimerini has learned, while US Ambassador Daniel Smith has confirmed the interest of American firms in drilling for hydrocarbons off the coast of Crete and in the Ionian Sea.

Representatives of the Delek Group visited Greece in summer to investigate the possibility of setting up an oil rig south of Crete, Kathimerini can reveal. Unconfirmed reports suggest Delek officials returned to Greece this week.

Meanwhile the US ambassador in Athens has said that several American companies have expressed an interest in exploring for mineral fuels off the Greek coastline. Citing discoveries elsewhere in the Mediterranean, Smith told Kathimerini that ?there is reason to believe there are significant opportunities.?

In September, the US firm Noble Energy started drilling for gas deposits off the coast of Cyprus.