Established in 2007, Energean is a London Premium Listed FTSE 250 (LSE: ENOG) and Tel Aviv  (TASE:אנאג) Listed E&P company with operations in eight countries across the Mediterranean and UK North Sea. Since IPO, Energean has grown to become the leading independent, gas-focused E&P company in the Eastern Mediterranean, with a strong production and development growth profile. The Company explores and invests in new ideas, concepts and solutions to produce and develop energy efficiently, at low cost and with a low carbon footprint. Energean's production comes mainly from the Abu Qir field in Egypt and fields in Southern Europe. The company's flagship project is the 3.5 Tcf Karish, Karish North and Tanin development, offshore Israel, where it intends to use the newbuild fully-owned FPSO Energean Power, which will be the only FPSO in the Eastern Mediterranean, to produce first gas, commencing mid-2022.With a strong track record of growing reserves and resources, Energean is focused on maximising production from its large-scale gas-focused portfolio to deliver material free cash flow and maximise total shareholder return in a sustainable way. ESG and health and safety are paramount to Energean; it aims to run safe and reliable operations, whilst targeting carbon-neutrality across its operations by 2050.

Katerina Sardi,
Managing Director & Country Manager

CEO Message

We are very pleased with the selection of our company in “The Most Sustainable Companies in Greece 2022” and we warmly thank the judges of QualityNet Foundation for this important distinction. Energean operates in 8 countries in the Mediterranean and the North Sea and has been the first E&P company in the world to commit to a net zero target by 2050. We are on track and shall be achieving this target much earlier. Already in 2025, we expect to enjoy an 85% decrease in our CO2 emissions in comparison to 2019 levels, which will then be approximately 60% lower than the current average of the oil & gas industry.

In Greece, we have managed to eliminate Scope 2 emissions at the Prinos hydrocarbon production facility and decrease total emissions by approximately 50%, as we are sourcing 100% electricity from renewable energy sources. Furthermore, we are working to implement two investments totaling app. 600 million euros.  These investments will not only contribute to national and European efforts towards combating climate change but will also enhance the competitiveness of the industrial sector in Greece. Prinos has been identified as an ideal location to host a CO2 Storage plant with an initial storage capacity adequate to store about 100% of the emissions of the Greek manufacturing sector for a period of 10 years, starting from 2025. Respective savings in the context of the EU ETS translate into savings for the Greek industry of at least 8 billion euros, given the current EU Allowance prices.

Adjacent to Prinos CO2 Storage, Energean plans to install a 40tonne/day “Eco-H2” plant. Its capacity translates to circa 0.5 TWh of H2 production per year, an amount that is sufficient to power a car for 4,000,000 kilometres.

The two projects will convert Prinos into an industrial complex that will be a landmark for the wider Mediterranean region and confirm Energean’s commitment to the sustainable development.


Katerina Sardi,
Managing Director & Country Manager

Greek Sustainability Code

ESG Criteria Framework Implementation

Πρόκειται για ένα σαφές πλαίσιο ενσωμάτωσης και εφαρμογής των κριτηρίων ESG (Περιβάλλον, Κοινωνία & Διακυβέρνηση) από τους οργανισμούς για την υπεύθυνη λειτουργία τους, μετρώντας την οικονομική, κοινωνική και περιβαλλοντική τους επίδοση. Οι οργανισμοί δημοσιοποιούν την προσέγγιση και τις επιδόσεις τους στους άξονες της Στρατηγικής, της Διαχείρισης Διαδικασιών, του Περιβάλλοντος και της Κοινωνίας, περιγράφοντας τις πολιτικές και τις διαδικασίες που εφαρμόζουν, απαντώντας σε 20 κριτήρια Βιώσιμης Ανάπτυξης, με σκοπό την αυτοαξιολόγησή τους ως προς το επίπεδο ωριμότητας εφαρμογής των κριτηρίων ESG, τη βελτίωση της ποιότητας των δημοσιοποιήσεων και των επιδόσεών τους και την ανάπτυξη μιας ολιστικής προσέγγισης της βιωσιμότητας στην επιχειρηματική τους λειτουργία.

Ανάπτυξη Πρωτοβουλιών & Συμμετοχή στον Εθνικό Διάλογο για την Βιώσιμη Ανάπτυξη του θεσμού Bravo