Business
Change of Name
Change of Name.
About this update from Energean Plc
[{"type":"text","content":"\n \n \n RNS Number : 2870O\n Energean PLC\n 29 May 2020\n \n \n \n \n \n \n \n Energean plc (formally Energean Oil & Gas plc)\n \n \n (\"Energean\" or the \"Company\")\n \n \n \n \n \n \n \n \n Change of Company Name \n \n \n \n \n \n \n \n \n \n London, 29 May 2020 -\n \n Energean (LSE: ENOG, TASE: א), the oil and gas producer focused on the Mediterranean, is pleased to announced that, following shareholder approval at the Annual General Meeting of the Company held on 21st May 2020, it has changed its name from Energean Oil & Gas plc to Energean plc. \n \n \n Energean retains its strong commitment to sustainable development and its ESG goals, regardless of the impact of the global COVID-19 pandemic, and is building on the commitment it made in December 2019 to becoming a net-zero carbon emitter by 2050. The Company's first target is to deliver a 70% reduction to its carbon emissions by 2022, by when it expects to have delivered first gas from its flagship Karish gas development and integrated the gas-weighted Edison E&P portfolio.\n \n \n The ticker used on the London Stock Exchange of \"ENOG\" and the Tel-Aviv Stock Exchange of \"א\", ISIN and SEDOL remain unchanged.\n \n \n \n Enquiries\n \n \n \n \n \n \n \n \n \n \n Investors and Analysts\n \n \n \n \n \n \n \n \n \n Kate Sloan, Head of IR & ECM\n \n \n \n \n \n Media\n \n \n \n \n Tel: +44 (0)7917 608 645 \n \n \n \n \n \n \n Sotiris Chiotakis Tel: +30 210 8174 242\n \n \n \n \n \n \n \n \n About Energean plc\n \n \n \n \n \n Energean is a London Premium-Listed FTSE 250 and Tel Aviv 35-Listed E&P company with operations offshore Israel, Greece and the Adriatic. In August 2017 the Company received Israeli Governmental approval for the FDP for its flagship Karish-Tanin gas development project, where it intends to use the only FPSO in the Eastern Mediterranean to produce first gas in 2021. Energean has already signed firm contracts for 5.6 Bcm/yr of gas sales into the Israeli domestic market. Future gas sales agreements will focus on both the growing Israeli domestic market and key export markets.\n \n \n Energean has nine exploration licences offshore Israel, and a 25-year exploitation licence for the Katakolo offshore block in Western ...