Prinos CO₂ Storage is a reality— It is happening!

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EnEarth’s Commercial Lead, Dr Pantelis Vogiatzis, spoke at the 10th Southeast Europe Energy Forum, organised by the American Hellenic Chamber of Commerce in Thessaloniki on 4 September 2026.

During a panel discussion titled “Carbon Capture and Storage in Europe: From Capture to Transport and Storage Systems”, which brought together key stakeholders, Pantelis raised several practical questions: How quickly can the necessary infrastructure be built? How soon can this new CCS market be enabled? And how can the entire value chain be strengthened to meet the decarbonisation needs of industry to support its competitiveness?

Pantelis highlighted that EnEarth’s flagship Prinos CO₂ Storage project has received only the third storage licence granted in the EU, positioning it to become the first and only CO₂ storage site in Southeast Europe by 2030.

The storage permit marks a major milestone on EnEarth’s path towards a final investment decision (FID), planned for the first half of 2027.

As Pantelis explained, the next milestone will be the launch of a market test for the allocation of storage capacity. Subject to approval by the Regulatory Authority, the process is expected to begin within the next few weeks and lead to binding agreements by early next summer. He added that emitters across the region and Europe have shown strong interest. EnEarth has signed 15 non-binding memoranda of understanding representing more than 6 Mtpa—over twice the independently certified 2P capacity of the Prinos CO₂ Storage project, which stands at 2.8 Mtpa for at least 15 years, as certified by NSAI.

Another key milestone is the completion of front-end engineering design (FEED), expected by the end of the year, while the drilling campaign is scheduled for the first quarter of 2027.

EnEarth’s Commercial Lead also emphasised that the new Omega platform, which will be used for the project, is already undergoing modifications at Perama Shipyards. The work is expected to be completed in October, after which this critical infrastructure will be transported to and installed in the Gulf of Kavala.

“This is not a promise. Prinos CO₂ Storage is a reality—it is happening, and it remains on track to be fully operational by 2030,” Pantelis concluded.