Energean’s Rigas says gas strategy tied to East Med energy security

CEO warns Russia shock may have changed Europe’s energy dynamic forever as company focuses on significant demand from Israel, Egypt and beyond

London-headquartered Energean relies on its core strength: gas in the Eastern Mediterranean. In an interview with Petroleum Economist, CEO Mathios Rigas explained the impact of the Russian crisis, where he expects growth in the company’s core markets and how the international hydrocarbon exploration and production company will develop further. Rigas believes the Russian invasion of Ukraine may well have prolonged the life of gas indefinitely and that the idea of gas as a bridging fuel in the energy transition has collapsed. “Forget the ‘bridge’ analogy,” he said. “Bridges take you over a gap and then you are gone. Natural gas is a core constituent of the road itself and will remain so—acting