Trillion Energy International Inc. has entered into a non-disclosure agreement with a Global energy trading company, to explore strategic energy opportunities in the Bulgaria and Turkiye region.
The term of agreement is three years where parties agree to engage in the sharing of information on a confidential basis regarding potential new business opportunities to be advanced together.
What precipitated the alliance is the mutual recognition that the search for new sources of natural gas supply in the European region is paramount, Trillion’s recent technological success in the Black Sea using long-reach directional drilling technology and Trillion’s Vranino 1-11 natural gas exploration block which has significant gas resources.
Initially, the parties will be discussing advancement of the Vranino 1-11 CBM natural gas exploration project in Bulgaria. Trillion’s Vranino 1-11 lease is 98,205 acres (397 km2) with third-party resource report estimates(1) of the following:
The trading company had 2022 revenue of >US$100 Billion. The implementation of the interconnector Greece-Bulgaria (IGB) and the expansion of infrastructure in Turkiye and Bulgaria whereby LNG gas is shipped to Turkiye and piped to Bulgaria provides alternative sources of natural gas. With the expansion of the infrastructure in Turkiye, Bulgaria, Romania, Hungary, and Slovakia pipeline conduits will be available to provide Europe with natural gas. This is what that trading company excels at, buying, distributing, and selling energy.
