Exxon Mobil is targeting the early 2030s for the extraction of natural gas from its newly announced offshore project in Greece. The ambitious initiative, a collaboration with Energean and Helleniq Energy, is set to significantly boost the region's energy sector.

In a statement to Reuters, John Ardill, head of global exploration at Exxon Mobil, emphasized the project's success hinges on favorable conditions in the coming years. The project stands as a crucial development in the company's strategic expansion in the Mediterranean region.

Ardill disclosed that the investment for this initiative will range between $50 million and $100 million. This venture exemplifies the global shifts towards expanding energy resources, reinforcing Exxon Mobil's pivotal role in the evolving energy landscape.

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