- Trillion Energy International (TCF) has provided an update on its SASB natural gas project
- Trillion does not expect to incur any adverse impact from the conflict currently and plans to proceed with development on schedule
- CEO Art Halleran plans to visit Turkiye and Romania during March 2022 to address the planned work program
- Trillion Energy International Inc. is an oil and gas producing company
- Trillion Energy International Inc. (TCF) is up 11.63 per cent, trading at C$0.24 per share at 10:30 am EST
Trillion Energy (TCF) has provided an update on its SASB natural gas project in light of the invasion of Ukraine.
Trillion does not expect to incur any adverse impact from the conflict currently and plans to proceed with development on schedule.
Europe imports about 40 per cent of its Natural Gas from Russia. On February 22, 2022, Germany announced it halted certification of the Russian Nord Stream II natural gas pipeline to Europe. The Nord Stream 2 was expected to be a key conduit for natural gas to Europe from Russia.
Turkiye also imports about 50 per cent of its natural gas from Russia. The company believes the actions against Ukraine represent a significant natural gas supply risk to Europe and Turkiye.
The SASB gas field development plan will help mitigate natural gas supply risk to the region.
Further increases in oil & natural gas prices are expected because of renewed uncertainty of supply coming from Russia.
CEO Art Halleran plans to visit Turkiye and Romania during March 2022 to address the planned work program with partners and suppliers to ensure the project moves forward.
Trillion Energy International Inc. is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria.
Trillion Energy International Inc. (TCF) is up 11.63 per cent, trading at C$0.24 per share at 10:30 am EST.