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2nd Global Oil & Gas SE Europe and Mediterranean Conference Highlighted the Prospects of Further Development of Hydrocarbons in the Region

2nd Global Oil & Gas SE Europe and Mediterranean Conference Highlighted the Prospects of Further Development of Hydrocarbons in the Region The exciting outlook for hydrocarbon exploration and production in the entire Black Sea, East Mediterranean and South East European region was highlighted in the 2nd Global Oil & Gas South East Europe and Mediterranean Conference & Exhibition, that took place on 28 and 29 September 2016 at the Metropolitan Expo exhibition and conference centre in Athens, Greece

The exciting outlook for hydrocarbon exploration and production in the entire Black Sea, East Mediterranean and South East European region was highlighted in the 2nd Global Oil & Gas South East Europe and Mediterranean Conference & Exhibition, that took place on 28 and 29 September 2016 at the Metropolitan Expo exhibition and conference centre in Athens, Greece.

The event was jointly organized by ITE Group, a UK-based international exhibition organizer and ROTA SA, a major exhibition organizer and promoter in Greece, in partnership with the Institute of Energy for SE Europe (IENE) and with Energia.gr, Greece’s leading energy portal, among its media sponsors. Nearly 200 participants and 1000 representatives of energy companies, governments and international organizations attended this landmark event on the latest oil and gas projects and policy priorities for the broader region.

Greece’s Minister of Environment and Energy, Mr. Panagiotis Skourletis, speaking in the opening session of the Conference, stressed the country’s ambition to upgrade its role in the regional energy scene in SE Europe and in the East Mediterranean. According to Mr. Skourletis, TAP and EastMed natural gas pipeline projects as well as the plan for electricity interconnection with Cyprus and Israel are for Greece some of its top priorities towards this end.

From his part, Israel’s Minister of National Infrastructure, Energy and Water Resources, Mr. Yuval Steinitz, underlined the significant prospects for Eastern Mediterranean to become a prime source of energy and especially natural gas for the countries of the EU. Mr. Steinitz also stressed the importance that energy co-operation with Greece and Cyprus has for his country.

Moreover, it must be noted that the Energy Ministers of Greece and Israel later had a meeting in the sidelines of the Conference, where they were joined by Cyprus’ Minister for Industry and Tourism, Mr. George Lakkotrypis, who flew to Athens from Cyprus that morning.

Mr. Grigoris Stergioulis, CEO of Hellenic Petroleum, referred to the overall goals and achievements of the HELPE group concerning oil refining and marketing in Greece and the broader geographic area, with newly developed technical and scientific tools and substantial exports of oil products in all neighboring countries.

Hellenic Petroleum’s upstream activities and the resurgence of the Greek E&P were analyzed by the company’s General Manager for Exploration & Production, Mr. Yannis Grigoriou. More specifically, Mr. Grigoriou referred to the activities of the company in the Gulf of Patraikos, as well as the onshore concessions in Western Greece and the three offshore fields in the Northern Ionian and the Gulf of Kyparissia. Mr. Grigoriou also stressed the company’s plans to develop E&P programmes in its concessions in the co-operation with major international oil groups.

On the 2nd day of the Conference, Richard Skoufias, TAP's manager for Greece, stated that more than 150 Greek companies have signed contracts with the pipeline’s consortium or with the project’s major contractors (Ellaktor, J&P Avax, TERNA SA and others). He also stressed the excellent level of co-operation between his company and the government, regional authorities and local societies in Greece.

From his part, the Head of the international activities and projects at DEPA S.A, the Public Gas Corporation of Greece, Mr. Dimitrios Manolis, described DEPA’s highly differentiated portfolio, based on a strategy of international synergies and co-operation. As examples of this strategy, Mr. Manolis noted the participation of DEPA in the Sah Deniz 2 consortium, as a buyer, and as a partner in IGB pipeline, the natural gas interconnector between Greece and Bulgaria.

A number of other presentations were made by senior executives and experts covering oil and gas exploration, production and development activities in Croatia, Romania, Turkey, Cyprus and Bulgaria.

Parallel to the Conference, the Global Oil & Gas Exhibition provided an important platform for stakeholders in the region to showcase their products and services, giving the participants the opportunity to strengthen existing relationships and create new ones, especially in the field of new technological developments and innovations, but also discuss future business and learn more about the market.

IENE EVENTS Energy Security in SE Europe and the Role of LNG10th SE Europe Energy Dialogue

PUBLICATIONS SEEEO 2016-2017 SEEED More

COOPERATING ORGANISATIONS IEA WEC Energy Community BBSPA EPG AERS ROEC BPIE RCEN Geothermal Finance and Awareness in European Regions