Energean finds its sweet spot

E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project

Energean is on the lookout for its next development opportunity as it pursues a strategy that has rapidly positioned it as the leading gas-focused independent E&P player in the greater Mediterranean. The London- and Tel Aviv-listed company, which recently sold gas assets in Egypt, Italy and Croatia to global investment firm Carlyle, has made its name as a developer of smaller resources that tend to slip under the radar of the majors. The company’s Karish, Katlan and Tanin gas fields in Israel, which hold combined reserves of 3–3.5tcf, are the ideal size for Energean, said CEO Mathios Rigas in an interview with Petroleum Economist during the ADIPEC conference in Abu Dhabi. Prinos is