Our country can provide natural gas at competitive prices despite the unfavorable international environment but also improve its environmental footprint through investments in CO2 storage, which will reduce the burdens that the industrial sector has borne from the cost of pollutants.
These remarks were made today by Dr. Katerina Sardi, CEO and Country Manager for Energean in Greece, during her presentation at the 25th Conference “Energy and Development” of the Energy Institute of Southeast Europe. More specifically, Ms. Sardi referred to the $ 3 billion ongoing investments of Energean in the Eastern Mediterranean, in particular:
-The development of the Karish offshore gas field in Israel, which is scheduled to supply gas in mid-2022
-The development of NEA / NI offshore deposits in Egypt which from the second half of the new year will increase the group’s production mainly in natural gas from the second half of 2022.
-The development of the Cassiopea gas field in Italy, which is expected to be put into production in the first half of 2024.
-The completion of the development of the Epsilon deposit in Prinos, the production of which is foreseen in the first half of 2023.
Investments and strategic transition
She stressed that these investments are part of the energy transition strategy followed by Energean, which has been awarded with pan-European distinctions. The group is already steadily reducing its environmental footprint with the aim of reducing energy intensity by 85% compared to 2019 and at levels below half the international average for the hydrocarbon industry, which proves that this industry has an important role to play a role in the process towards cleaner forms of energy and in the effort to achieve the goals for Climate.
Read also: Energean – Increase in production and profits for the first half of the year.
This has been realized by neighboring countries, such as Egypt and Israel, which are constantly developing deposits, have high gas production and are constantly boosting their exports. They offer the opportunity to European countries, such as Greece, to secure gas at competitive prices, as gas prices in these markets range between $ 4 and $ 6 per mmbtu, when in Europe the cost is above $ 35 per mmbtu. At the same time, countries such as Greece should continue to research and develop their own hydrocarbon potential, as well as strengthen storage infrastructure.
In addition, the CEO and Country Manager of Energean in Greece referred to the company’s plan for CO2 storage in Prinos, an investment which together with the pure hydrogen production unit will exceed 500 million euros. “It is a bet that we must win as a country to capture and store carbon dioxide, as our industrial fabric is increasingly burdened by the rising cost of pollutants,” she said. She also added that projects such as that of Prinos, which could operate from 2025, will create a new model of industrial activity for the Mediterranean as a whole, will develop know-how and added value, will strengthen the competitiveness of companies, while they will have an obvious benefits for both the environment and employment.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
