5 December 2012, 15:43

Greece sits on vast gas reserves: report

Greece sits on vast gas reserves: report

Greece has potential natural gas reserves worth $600 billion, says a study by Deutsche Bank.

It estimates gas reserves offshore from Crete to generate some 427.000 euros of profit which is 107 worth the country’s GDP.

A Norwegian company is already providing a geological survey at the site and is due to publish results in mid 2013.

Voice of Russia, RIA

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