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Trillion Energy explores energy opportunities with major natural gas company

Energy, Market News
CSE:TCF
20 July 2023 08:46 (EDT)

Source: Trillion Energy International.

Trillion Energy (CSE:TCF) is exploring energy opportunities in the Bulgaria and Türkiye region with a global energy trading company.

The parties have signed a non-disclosure agreement to share information on a confidential basis regarding potential new business opportunities.

Both agree that discovering new sources of natural gas in the European region is paramount. They see significant opportunities to gain access to pipeline infrastructure to transport gas in the region, with the implementation of the interconnector Greece-Bulgaria as well as the expanded infrastructure in Türkiye and Bulgaria.

The aim is to advance the Vranino 1-11 exploration block in Bulgaria, which has coal-bed methane natural gas exploration potential, as well as opportunities in Türkiye.

The natural gas trading company had 2022 revenue of more than US$100 billion and is involved in buying, distributing and selling natural gas.

Trillion Energy is focused on natural gas production for Europe and Türkiye with natural gas assets in Türkiye and Bulgaria.

Trillion Energy opened trading at $0.37 per share.

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