The MoU on CO2 storage is to be signed on Monday, February 17, during the EGYPES 2025 international petroleum exhibition in Cairo.
So far, the CO2 storage capacity at Prinos has been confirmed at 1million tons annually, with indications showing that it could accommodate up to 3 million tons per year in full development
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 necessary permits and studies are expected to be completed in 2024