Energean paves way for East Mediterranean gas monetization

UK-based Energean Oil & Gas — which is building a portfolio of mostly gas-focused Mediterranean assets — is keen to support the realization of more projects to monetize the region’s vast gas resources, its CEO Mathios Rigas said in an interview.

Energean plans to start production from its major gas field complex offshore Israel in the first half of 2021, but is set to become a significant regional producer before that with the acquisition of Italy’s Edison E&P, which it hopes to close in the first half of this year.

Rigas, while reflecting on the technical and geopolitical challenges of the East Mediterranean in particular, said independents such as Energean had a key role to play in accelerating developments and pushing forward key infrastructure projects.

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