Helleniq Energy is betting on the group’s comparable operating profits exceeding 1.5 billion euros by the end of the decade through growth and expansion in Southeast Europe, new investments in refineries, further international partnerships, and expansion into trading.
CEO Andreas Siamis outlined this vision for the group’s strategy through the end of the decade (Vision 2030) was outlined today by CEO Andreas Siamis, sending the message that Helleniq Energy is moving toward growth in the broader region at all levels of its operations.
“If the market allows it, the 1.5 billion euros could increase further and reach 2.5 billion or even 3 billion,” he noted, speaking of ambitious yet measurable goals and outlining the landscape in which the group operates.
Summarizing management’s objectives for the next four-year period, 2026–2030, the key priorities are expansion into Southeast Europe, strengthening investments in refining, new partnerships abroad, and expansion into trading.
In the electricity sector, the goal is to improve performance through geographic diversification, bring renewable energy investments to maturity, and leverage synergies, with Mr. Siamis setting the bar for green investments at 300 million euros, up from 100 million euros today.
He even announced that the company is considering entering both the construction and management of renewable energy projects—that is, new sectors beyond the purely investment-focused one in which it currently operates.
Looking ahead, the company’s trajectory is shaped by the fact that energy demand is rising, with consumption projected to increase by 19% by 2050. Electricity generation is expected to increase by 80% by 2050; however, oil will continue to play a significant role in the energy mix.
“Block 2” and Southwestern Crete
On the hydrocarbons front, Mr. Siamis estimated that by this time next year—that is, at the next annual General Meeting— the company will likely have the results from the drilling in Block 2 in the northwestern Ionian Sea, as well as a clear picture from the seismic surveys in Crete.
“In addition to Block 2, we are also focusing on southwestern Crete,” said Mr. Siamis, explaining that as part of its portfolio management, the consortium deemed it appropriate to withdraw from the “West of Crete” block.
Regarding another block, “Ionian,” where Helleniq Energy is the 100% operator, the group’s CEO stated that an extension will most likely be granted, which will be confirmed in the coming days.