Contracting Sovereignty? Greece’s Experiment with the Contractual Allocation of Maritime Delimitation Risk in Offshore Lease Agreements

In February 2026, Greece signed offshore lease agreements with a Chevron-led consortium for the exploration of oil and gas south of Crete. A month later, the agreements were ratified by the Greek Parliament, thereby acquiring binding force in domestic law. Turkey and Libya were quick to condemn the contracts as unlawful and as encroaching upon…