NetworkNewsBreaks – Trillion Energy Internationa
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Trillion Energy (CSE: TCF) (OTCQB: TRLEF) is developing the South Akçakoca Sub-Basin (“SASB”) Project, located in the Black Sea, as well as three additional upcoming programs. “Following the global pandemic and Russia’s invasion of Ukraine, Europe was plunged into an energy crisis. While the urgency of the situation has been somewhat alleviated, the energy situation in the area is still precarious, and Trillion Energy, a company focused on oil and natural gas production for Europe and Türkiye, has a strategic four-program plan in place to become a key energy producer for the area,” a recent article reads.
The article notes that Europe and parts of Asia were gripped by an energy crisis from mid-2021 to late 2022. Some 18-24 months later, Europe is still grappling with a residual issue as it has swapped relatively cheap Russian pipeline gas for relatively expensive LNG, putting its industrial competitiveness at risk. “An international oil and gas producer focused on the exploration, production and distribution of oil and natural gas in Türkiye and Europe, Trillion Energy is working to alleviate that risk, implementing a long-term plan designed to provide oil and natural gas at more affordable prices.”
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