Chevron recently declared its intent to explore a third area, south of the Peloponnese.
The MoU on CO2 storage is to be signed on Monday, February 17, during the EGYPES 2025 international petroleum exhibition in Cairo.
The clock is ticking for Energean to meet tight deadlines for the €1 billion Prinos CO2 Storage project. Meanwhile, Greece already knows Prinos' capacity is not enough, and is exploring solutions in Egypt.
The Katlan project is expected to unlock additional value in Israeli waters, enhancing energy security and supporting sustainable development in both Israel and the wider region.
The necessary permits and studies are expected to be completed in 2024
