“4th Hellenic Energy Independence Forum: The Meta-vasis Phase” Panel Discussion

Join us Sunday, June 18, 2023 at 2 P.M. EST/ 9 P.M. Athens, Nicosia EEST for the East Mediterranean Business Culture Alliance/ EMBCA’s “4th Hellenic Energy Independence Forum” Webinar Panel Discussion on Sunday, June 18, 2023 at 2 P.M. EST/ 9 P.M. Athens, Nicosia EEST. The panel discussion will be Introduced by Lou Katsos EMBCA’s President and Moderated by Konstantine Drougos of the OASIS Carbon Management Group and an EMBCA Director. Our distinguished panelists for this discussion , in formation, will include Mr. Harilaos Petrakakos / Principal of P&P Marine Consultants and Nuclear Power Expert ; Mr. George Adalis / Geopolitical Analyst & Energy Expert ; Ms. Kristina Katsos / Country Manager of Cyprus for Age Energy ; and Ms. Liana Gouta Energy Policy and International Affairs Director, HELLENiQ ENERGY Group. The theme for this 4th Hellenic Energy Independence Forum , and back by popular demand, is the "Meta-vasis Phase" for Hellas at this point and taken into account the Geoeconomics and Geopolitics of our region.

Energy dependence has been identified as one of a variety of factors (energy sources diversification, energy suppliers diversification, energy sources fungibility, energy transport, market liquidity, energy resources, political stability, energy intensity, GDP) negatively contributing to energy security. As such a higher level of energy dependence is risk prone, because of the possible interference of commodity price fluctuations, trade "wars'', international armed conflicts, terrorist attacks, etc. Energy independence in a way is an idealized status that at present can be only approximated by exploitation of a country's natural resources, including renewable and non-renewable resources.

The Hellenic Republic is a small energy consumer and its geographical position favours her in becoming a vital corridor for transporting gas and electricity from the East to the West. Of note is that Greece is trending towards becoming one of the EU hubs for US LNG exports at a time when sustainable development is a fundamental prerequisite for economic growth, Low Carbon Footprint power generation from Lignite by using Carbon Capture technologies (CCUS) & hydrocarbon exploration are important elements of the energy mix of the Hellenic economy. Application of new technologies on these could drastically change the Hellenic energy security and supply programme and contribute to a smooth transition to new low-carbon & sustainable energy sources. The Hellenic Republic has been a net exporter of petroleum products thanks to its strong refining capacity, despite low crude oil production (Prinos, the only Oil deposit that was exploited, produces oil for about 60 years now). Onshore and offshore drilling over the next few years will allow it to assess the percentage of import replacement by domestic production.

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