Egypt's Petroleum Min. Discusses Boosting Mediterranean Gas Production with ENERGEAN

Tarek El Molla, Minister of Petroleum discussed with Mathios Rigas, President of ENERGEAN International, the company’s plans during the coming period to develop and increase natural gas production from its areas of operation in Egypt in the Mediterranean region.

The meeting also saw discussions on ways to support cooperation on removing carbon from the various stages of the natural gas value chain in order to support the competitiveness of natural gas produced from the fields of the Eastern Mediterranean region.

On his part, ENERGEAN's CEO stressed the company’s commitment to continuing to pump more investments to maximize the exploitation of gas resources from the Mediterranean basin region, which is a major center for its operations, especially in light of the policies of the Ministry of Petroleum that support motivating international companies to pump investments and implement ambitious plans in developing discovered fields or expanding new research and exploration activities to reach new discoveries.