July 15, 2019 Paul Durham Chief Financial Officer Tsakos Energy Navigation Limited 367 Syngrou Avenue 175 64 P. Faliro Athens, Greece Re: Tsakos Energy Navigation Limited Form 20-F for the Fiscal Year Ended December 31, 2018 Filed April 12, 2019 File No. 001-31236 Dear Mr. Durham: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 20-F for Fiscal Year Ended December 31, 2018 Item 5. Operating and Financial Review and Prospects Liquidity and Capital Resources, page 95 1. Please provide a comparative analysis of material year to year changes in net cash provided by operating activities for all years presented. For example, net cash of operating activities in 2018 decreased by nearly $97 million, or 57%, from 2017, but the analysis only discusses a relatively small change in dry docking expenditures. Your analysis should quantify all factors cited and address the material drivers underlying those factors. Additionally, clearly explain how actual operating cash is impacted by them if not apparent. Please note that merely citing changes in working capital items and other items identified in the statement of cash flows may not provide a sufficient basis to understand how operating cash between comparative periods changed. Refer to section III.D of Release No. 33-6835, section IV.B.1 of Release No. 33-8350 and section 501.04 of the staff's Codification of Financial Reporting Releases for guidance. Paul Durham Tsakos Energy Navigation Limited July 15, 2019 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Theresa Brillant at 202-551-3307 or Doug Jones at 202-551-3309 if you have questions regarding the comment on the financial statements and related matters or any other questions. FirstName LastNamePaul Durham Sincerely, Comapany NameTsakos Energy Navigation Limited Division of Corporation Finance July 15, 2019 Page 2 Office of Transportation and Leisure FirstName LastName