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Half Year 2022 Energean PLC Earnings Call Transcript
Good morning from me, and thank you for joining our call today. Obviously, we are in a very interesting time where energy prices and the energy scene is in the center of every discussion around the world. And Energean is proving to be correct with the strategy to have invested in the last 2 to 3 years when the rest of the industry was not investing.
The results of our activities and I will start with the key messages from today's presentation are, that first of all, the assets that we bought from Edison are exceeding our expectations. I remind everyone that we bought the portfolio from Edison when the oil price was at a very low level, around $20 a barrel and the gas price in Europe, if you all remember those days, was around about EUR 15 a megawatt hour. And obviously, the assets that are performing in Italy and Egypt from the old Edison portfolio are exceeding our expectations, giving us very strong results, which Panos will cover later.
The key flagship project, our project in Israel, Karish is on track for first gas in the next
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