Tsakos Energy Navigation CFO, Paul Durham, to Present at the Goldman Sachs Shipping Conference

ATHENS, Greece, Nov. 23 /PRNewswire-FirstCall/ -- Tsakos Energy Navigation Limited (TEN) , a leading owner and operator of a fleet of modern tankers providing marine transportation services for national, major and other independent oil companies and refiners, announced today that Paul Durham, Chief Financial Officer, will present at the Goldman Sachs Shipping Conference at 10:00 a.m. ET on Tuesday, November 29, 2005. The conference will be held at the Goldman Sachs Conference Center at 32 Old Slip, New York City, New York.

ABOUT TSAKOS ENERGY NAVIGATION

TEN's proforma fleet consists of 36 vessels of 4.0 million dwt. TEN operates a fleet of 25 vessels (including three chartered-in vessels) of approximately 2.9 million dwt with an average age of 6.1 years compared to 11.7 years of the world average. Its newbuilding program today consists of 11 vessels (4 Suezmax, 2 Aframax, 4 Handymax, and 1 LNG) of 1.1 million dwt.

FORWARD-LOOKING STATEMENTS

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACTS: George V. Saroglou, COO Tsakos Energy Navigation Ltd. Tel: 30 210 94 07 710-3 ten@tenn.gr Thomas J. Rozycki, Jr., Vice President Cubitt Jacobs & Prosek Communications 212-279-3115 x208 tom@cjpcom.com