Energean

Last Friday, the International Energy Agency (IEA) published a report that can make one think fondly of the “golden age of #gas”. Global gas demand is on the rise. Natural gas is and will remain for the foreseeable future, the major guarantor of global #energysecurity. The report also demonstrates the core #energy security value of domestic or at least regionally available gas production and regional infrastructure such as interconnectors. Energean has and will remain committed to rapid development of proven reserves towards production. Our interests are aligned with the sovereign and population. European #energypolicy makers might want to consider both energy security and the socio-economic value of heavy industry when considering gas / CCS related energy policy. Read our blog on "The Energean View" for more: https://lnkd.in/gC_7DA4t Paddy Blewer Sotiris Chiotakis

Nikolas Rigas, Head of Carbon Storage at EnEarth recently took the stage at two major events in Athens — The 14th Capital Link Shipping Forum and the Global CCS Institute's Capacity Building Workshop. His core messages were simple: Urgency and collaboration are vital to driving Greece’s industrial future and combating the climate crisis. At the heart of his speech was the Prinos CO2 Storage project. Prinos CO2 is crucial for decarbonizing Greece’s hard-to-abate industries. With rising CO2 emission costs and the European Commission's Net Zero Industry Act, it’s clear: we need carbon capture and storage to underwrite thousands of industrial jobs across the continent. But the clock is ticking. A solution requires a united front: *Government must accelerate policies. *Industry must invest in emissions capture. *Authorities need to streamline regulation. *Operators and transporters must be in sync. “If even one link fails, the whole chain collapses,” Nikolas warned. EnEarth has already taken action, submitting a storage permit and Environmental Impact Assessment for Prinos. Now it’s about keeping momentum, ensuring bureaucracy doesn’t become a barrier to progress. https://www.enearth.earth/ Katerina Sardi Paddy Blewer Sotiris Chiotakis

At Energean, we are committed to playing an active role in advancing sustainable #CCS (Carbon Capture and Storage) technologies across Europe. Last week, our team—Dr. Paschalia Kiomourtzi (Prinos Subsurface Lead), Dr. Dr. Pantelis Vogiatzis (CCS Commercial Lead), and Miss Theodora Charalampidi (Legal Counsel)—actively participated in the European Commission’s CCS capacity-building workshop, hosted by DG Climate Action in Brussels.   This workshop, focused on the revised Guidance Documents for CCS Directive (2009/31/EC), providing a critical platform for key stakeholders to align on updated regulatory frameworks for CO₂ storage. As a company, we are deeply engaged at every level—from commercial, technical, and legal perspectives—and our team's contributions at the workshop reinforced our commitment to driving progress in the CCS community.   Our subsidiary, EnEarth, has already taken steps by applying for a storage license for the Prinos CO2 Storage project in Greece, which will be evaluated based on the revised guidelines. These efforts reflect our determination to remain at the forefront of innovative solutions, shaping the future of CCS and supporting Europe's energy transition. Katerina Sardi, Paddy Blewer, Sotiris Chiotakis

This weekend, the Molisan and Termolese swimming #community came together to celebrate swimming and honor the legendary Antonio Casolino. On Saturday, September 14th, we proudly supported the second edition of the Memorial for Antonio Casolino, a prestigious open-water swimming competition, organized by local sports and institutional associations. Energean Italy is honored to continue supporting this event and the Italian Paralympic Swimming Federation in autumn when an indoor race is scheduled. We look forward to standing by their side at the upcoming competition. Marcella Semenza, Antonino Caliri, Nicolas KATCHAROV, Paddy Blewer

Katerina Sardi, Country Manager and Managing Director at Energean Greece honored Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA S.A.) with her presence at our booth (Pavilion 10, Stand 17) at the 88th Thessaloniki International Fair. Thank you Ms. Sardi for your visit and your kind words! #HEREMA #TIF #TIF2024 #TIF88 #88th #ThessalonikiInternationalFair #Thessaloniki #HELEXPO

UK-listed oil and gas producer Energean has reported robust operational and financial results for the first half of 2024, demonstrating resilience despite the ongoing geopolitical upheaval in the Middle East. https://lnkd.in/dmQbjFbv

Upstream on Energean's record interim results, driven by significant increase in #gas production and ongoing operational efficiency. https://lnkd.in/dmQbjFbv

"On first pass these appear to be a reassuring set of results, in the face of a challenging macro and political backdrop," Reuters on Energean's record interim results https://lnkd.in/e6yc53DM

#InterimResults out today. As CEO Mathios Rigas comments: "these are our strongest ever set of half-year results, with double digit year-on-year growth in production, revenue and adjusted EBITDAX."   Record production:  Group production during H1 2024 was 146 kboed (82% gas), a 38% increase year-on-year (H1 2023: 106 kboed).   Record financial results for the 6-months to 30 June 2024, following the start-up of Karish North and the completion of the second gas export riser (Israel). Revenues of $867 million, a 47% increase (H1 2023: $588 million). Adjusted EBITDAX[1] of $568 million, a 65% increase (H1 2023: $345 million)   Q2 2024 dividend of 30 US$ cents/share declared today, scheduled to be paid on 30 September 2024 .    Strategic sale of Egypt, Italy and Croatia to Carlyle targeted to complete by year-end 2024, subject to customary regulatory and antitrust approvals.    Core #gas projects underway and #decarbonisation business progressing to facilitate future growth.   Group Scope 1 and 2 emissions intensity of 8.5 kgCO2e/boe, a 20% reduction versus H1 2023 As Mathios concludes: “This is only the start of a new chapter in the Energean story. The combination of operational excellence and entrepreneurial deal-making is the foundation on which a new Energean will continue to deliver for its shareholders. We continue to be committed to our objectives of consistent returns to shareholders, capital discipline and responsibly produced energy with outstanding Environmental, Social and Governance (“ESG”) ratings.” https://lnkd.in/eGfXQUS4 Panos Benos Paddy Blewer Maria Martin Kyrah Mckenzie Eliana Fishler Sotiris Chiotakis

For the fourth year, Energean has supported the "Back to School" initiative in Kavala and Thassos, providing gift vouchers to local social organizations - distributed to families in need. This year, 350 children will receive essential school supplies from local bookstores, upholding Energean's belief that #education is a right, not a privilege. Dr. Katerina Sardi, Managing Director & Country Manager of Energean in Greece, expressed pride in supporting local communities and reiterated the company’s commitment to #sustainable growth. Energean's efforts align with the #UNSustainableDevelopmentGoals, including Quality Education and Reduced Inequalities. Evangelos (Evan) Leovaris, Artemis Barbounis, Sotiris Chiotakis, Paddy Blewer