Driving the shift towards a diversified and resilient energy future
HELLENiQ Energy CEO Andreas Shiamishis highlights the company’s transformation from a domestic fuels player into a diversified regional energy group through its Vision 2025 strategy.
What has been the most meaningful shift that HELLENiQ ENERGY has made so far in its transition strategy?
At HELLENiQ ENERGY, the most meaningful shift has been the carefully planned and implemented evolution from a predominantly domestic market fuel-focused company into a regional integrated energy group, covering the entire energy value chain — from upstream exploration to downstream, power generation and renewables.
This transformation was accelerated through the five-year strategic plan, Vision 2025, introduced in 2021 as our response to a rapidly-changing global energy landscape. Our approach has always been balanced and realistic: advancing decarbonisation while safeguarding energy security, affordability and long-term value creation.
Critical to our strategy was the strengthening of our downstream activities by focusing on operational excellence, decarbonisation processes and future proof assets. On the commercial side, emphasis was placed on international trading by setting up a new international office in Geneva, and also by expanding the local petrol stations’ network footprint in regional markets. At the same time, our presence in upstream exploration in the Mediterranean, has been restructured with more but smaller stakes in exploration areas and partnerships with global leaders such as ExxonMobil and Chevron.
How do you decide which low-carbon technologies deserve early investment?
We invest based on our vision for the future of the energy market but grounded in the reality of today’s available technology. Our investments are not targeted to provide short-lived news flows or follow current trends; we decide based on rigorous assessment of parameters including regulatory stability, demand outlook, market economics, supply-chain maturity, technological readiness and capital market and funding conditions. Our approach is deliberately case-specific, ensuring that risks are managed within clearly defined portfolio framework.
In renewables, we have already invested over €0.6 billion, with diversified projects across technologies, geographies and investment structures. In Power & Gas, we are strengthening further, flexible gas generation.
What remains the most challenging aspect of transforming a traditional fuels company?
Petroleum companies are large and conservative systems, with strong heritage and culture behind them. The main challenges in this journey relate to:
- Developing the right strategy which safeguards strong points but looks to the future,
- Addressing culture and skillsets to ensure that the whole system is willing to change,
- Educating markets for the implications of the transformation change and effort required; a transformation of such scale cannot happen behind closed doors and clearly it cannot happen without changes, which can sometimes be difficult to accept.
A key point to note is that change needs to take place without losing touch with current operational goals and markets.
What are you looking forward to at EGYPES 2026?
HELLENiQ ENERGY has long-standing partnerships across the Eastern Mediterranean and the MENA region, and at EGYPES, we see clear opportunities to further expand energy and trading flows, leveraging our integrated footprint across hydrocarbons, power, gas and infrastructure.
