IENE Chairman was Keynote Speaker in 1st CEEC London Roadshow

Following an invitation by the organisers the Chairman and Executive Director, of the Institute participated as keynote speaker in the 1st CEEC London Roadshow which took place in London on Wednesday, December 11. CEEC, which stands for Continental Europe Energy Council, (www.ceecsg.org) was set up in 1994 and has been active in the oil and gas upstream sector,mainly in continental Europe, bringing together investors and energy companies.

Costis Stambolis, the current Chairman of the IENE, presented to the CEEC meeting a similar paper to the one he contributed for COP29, but he augmented this by adding an extensive reference concerning the opportunities for the oil and gas sector in connection to decarbonisation. Entitled “Lessons learned and experiences gained from decarbonisation policies in SE Europe and Opportunities for the Oil and Gas Sector” (for the full presentation see here).



He stressed the region’s huge importance for European Energy Security given its proximity to major oil and gas producers and the role that SEE is playing in diversifying supplies and transmission routes. In this respect he pointed out the expanded role of the South Corridor in view of its multifaceted use by combining pipelines (gas and hydrogen), LNG terminals and FSRU’s as well as CCUS facilities.

As the South Corridor gains prominence, explained IENE’s chairman, “we observe a growing interest for gas related infrastructure investment along its routes and on its fringes. A number of FSRU and CCUS facilities are at an advanced stage of planning with new installations slated to materialise in the period of 2026/2028. In a similar vein we observe renewed interest for a regional gas corridor between Israel, Cyprus, Greece and Italy as more gas deposits are discovered in the East Mediterranean”.