Back to the complete issue
Tuesday, 20 February 2018

Greek oil and gas producer Energean planning LSE listing to raise capital for expansion in the Mediterranean region

Speaking of Mediterranean gas, Greek oil and gas producer Energean is planning to list on the London Stock Exchange in March to raise USD 500 mn in capital “as it seeks to tap investor appetite in its gas prospects in the eastern Mediterranean,” which has been growing since Eni discovered the supergiant Zohr gas field in Egypt, the Financial Times reports (paywall). The company plans to spend USD 395 mn developing its Karish and Tanin fields offshore from Israel, while the remaining capital will be used to repay loans and cover fees and expenses. “Energean will also consider a secondary listing in Tel Aviv,” the newspaper notes.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.