The Black Sea has a strategic importance for gas production in the region and the development of large-scale offshore projects will undoubtedly lead to sustainable economic growth and significantly contribute to its energy security.

On the other hand, energy transition is here: top institutional investors are planning to divest from fossil fuels and shareholders of all major oil and gas companies are increasing pressure for further climate action. 

In preparation for the 9th Black Sea Oil & Gas conference in October, Globuc prepared an overview of the key offshore discoveries and development projects in the Black Sea.

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