Energean acquires Edison E&P
The deal expands Energean’s footprint in the Mediterranean, giving it assets in gas-rich Egypt and Algeria for the first time
Energean has expanded fast, from a small private start-up firm in Greece in 2007, to become a major East Med upstream player. It is developing the Karish and Tanin gas fields offshore Israel, with first gas scheduled to be delivered to power firms in the country in Q1 2021. Energean has commissioned its own floating production storage offloading facility—the first to operate in the East Med. It will operate 56 miles (90km) off the Israeli coast. This latest move consolidates its position in a major way. The London-based company is acquiring Edison E&P and its subsidiaries for $750mn, with an additional consideration of $100mn contingent on the commissioning of the Cassiopea gas project i
Also in this section
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
