Israel says Pompeo to visit soon, help with gas export plan
US Secretary of State Mike Pompeo will visit Israel imminently to help with its plan for exporting natural gas to Europe with Cypriot and Greek partners,
Energy
Upbeat vision of gas future in wake of block 10 find
The gas find in Glafcos (Glaucus) 1 well in Block 10 of the island’s exclusive economic zone (EEZ) is expected to yield large revenues, the
EAC fears loss of investment capital
The Electricity Authority of Cyprus (EAC) on Monday said it is opposed to the planned reinstatement of the dividends policy by which the state-run
US secretary of state to attend Cyprus trilateral meeting (Updated)
US Secretary of State Mike Pompeo will be taking part in the next trilateral meeting between Cyprus, Greece, and Israel, Foreign Minister Nikos Christodoulides said
Parliament approves national investment fund (Updated)
Parliament on Friday approved a bill establishing a national investment fund, to manage future revenues from hydrocarbons. Parties eventually agreed to disconnect gas revenues from
Gas discovery puts Cyprus on the map, president says
The natural gas discovery in an offshore field inside the island exclusive economic zone (EEZ) has put Cyprus on the map with strong footholds, President
5-8 trillion cubic feet gas find ‘encouraging’ says energy giant
Cyprus and ExxonMobil on Thursday announced a natural gas find estimated at between 5-8 trillion cubic feet (tcf) in an offshore field inside the island’s
ExxonMobil announces 5-8t cubic feet of gas off Cyprus (Update2)
Cyprus and ExxonMobil on Thursday announced a gas find estimated between 5-8 trillion cubic feet (tcf) in an offshore field inside the island’s exclusive economic
Optimism over natural gas findings
There was optimism on Thursday over the results of an exploratory drill in an offshore field in the island’s exclusive economic zone (EEZ), which will
Anastasiades to be briefed Thursday on Exxon findings
President Nicos Anastasiades will on Thursday receive a delegation of ExxonMobil, headed by its vice president Tristan J. Aspray, to be briefed on the findings in
Fund to manage hydrocarbon revenues to be voted on Friday
A bill establishing a national investment fund to manage future revenues from hydrocarbons will go to the House plenum on Friday, although strong disagreements remain.
Turkey set to begin oil and gas drilling off Cyprus
Turkey will begin drilling for oil and gas near Cyprus in coming days, state-owned news agency Anadolu reported Foreign Minister Mevlut Cavusoglu saying on Thursday.
More money to encourage homes to use renewables
Legislators on Tuesday got a first glimpse of the 2019 draft budget for the Renewable Energy Sources (RES) Fund, discussing ways of further increasing the
Private power plant marks ‘new era for energy sector’
THE operation of the first power plant by a private initiative will mark the beginning of a new era in the energy sector and contribute to significantly
Energy minister quashes rumours of gas find in block 10
Exploratory drilling for gas by ExxonMobil in offshore block 10 is ongoing, and announcements will be made once the operations have been concluded, the government
EastMed could be ‘one of the greatest underwater projects’ in the world
The EastMed pipeline could be “one of the greatest underwater projects in the world”, Israel’s President Reuven Rivlin said on Tuesday. Rivlin, who was speaking
Energy from renewables less than 10% at end 2017, some 3% from 2020 target
The share of energy from renewable sources (expressed in per cent of gross final energy consumption) reached 9.9 per cent in 2017 in Cyprus, according
Total ‘discussing extension’ to Cyprus drilling
Total is committed to continuing its exploration work in Cyprus, chief executive Patrick Pouyanne told Reuters on Monday, part of a major exploration campaign for
Fears of reckless spending as gas fund bill heads for vote
A bill establishing a national investment fund, to manage future revenues from hydrocarbons, will be going to the House floor this week, some two
Egypt-Cyprus deal on Aphrodite field ‘is attracting great investor interest’
The intergovernmental agreement signed between Egypt and Cyprus for Aphrodite gas field resulted to great interest from International oil companies, down-streamers and financial institutions, Egypt’s