Balkans
Chapter

Balkan's privileged energy landscape positions it as one of the main markets for the coming years, and the prospects for growth in the energy sector are highly favorable.

Renewables
Hydrogen
Critical Mineral

Main projects

Midia Gas Development 

Country: Romania
Operator: "Black Sea Oil & Gas Petro Ventures Gas Plus International Xodus Group Green Partners GSP Offshore"
Status: Development

A significant offshore gas production initiative located in the Black Sea, part of Romania's offshore continental shelf. (...) Plays a crucial role in the region’s energy diversification strategy, focusing on sustainable energy production and contributing to the local economy through job creation and technology transfer.

Patos-Marinza oilfield

Country: Albania
Operator
: Bankers Petroleum AlbaniaStatus: Production

The largest onshore oilfield in Europe, located in west-central Albania near the city of Fier. Discovered in 1928, this oilfield is a key component of Albania’s energy sector, with a significant portion of the country’s crude oil production coming from it. The field covers an area of approximately 44,000 acres and is known for its heavy oil reserves, which require enhanced oil recovery (EOR) techniques for extraction.

Adriatic Sea offshore Montenegro

Country: Montenegro
Operator:
Eni Novatek Energean
Status: 
Exploration

The project focuses on the exploration and development of hydrocarbon resources within Montenegro's offshore blocks in the Adriatic Sea.
Environmental protection is a significant focus, with all activities subject to stringent environmental assessments to safeguard the marine ecosystem.

Prinos Concession

Country: Greece
Operator: 
Energean
Status: 
Production

A key oil and gas development project located offshore in the northern Aegean Sea, Greece. The concession encompasses the Prinos oilfield, Greece’s only active offshore oilfield, as well as nearby fields such as Epsilon and the South Kavala gas field.
Environmental management is a top priority, with the operators adhering to strict standards to minimize the impact of offshore drilling on the surrounding Aegean marine ecosystem.

Trans Adriatic Pipeline project

Country: Greece, Albania & Italy
Operator:
 BP SOCAR Snam Fluxys Enagás
Status: 
Operational

A strategic infrastructure project that forms part of the Southern Gas Corridor, aimed at transporting natural gas from the Caspian Sea region to Europe. Environmental and social impact assessments were conducted to ensure the project meets high standards of sustainability, minimizing the environmental footprint, particularly in sensitive areas like the Adriatic Sea.

Ionian Adriatic project

Country: Croatia, Albania, Montenegro, Bosnia & Herzegovina.
Operator:
Albgaz - BH-Gas - Plinacro - Montenegro Bonus -  SOCAR
Status: 
Planeed

Natural gas pipeline project designed to enhance energy connectivity and security in Southeast Europe.
The project holds strategic importance not only for the participating countries but also for the broader European Union, as it aligns with EU efforts to diversify energy sources and routes. transition

Committee members

About previous summit

"All the governments need this event to promote what we have done and renew our collaboration with the Ministries and IOCS."

Former Executive Director

"I met so many people involved in the Oil and Gas industry and became familiar with the latest news. We met with service companies, NOCs & regional IOCs. It is phenomenal to have all the countries in the region involved"

"Balkans Petroleum is an excellent place to exchange ideas, meet with ministries and IOCs that are targeting the region. It is the only summit that focuses on South-Eastern Europe and the Balkans with full governmental support"