Posts tagged with "gas"

Energy minister quashes rumours of gas find in block 10 Energy

Energy minister quashes rumours of gas find in block 10

February 14th, 20192545 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 said on Thursday. The energy ministry was addressing a number of media reports over the past few days claiming the US oil giant has struck it big at the Glafcos-1 drill...
Egypt-Cyprus deal on Aphrodite field ‘is attracting great investor interest’ Energy

Egypt-Cyprus deal on Aphrodite field ‘is attracting great investor interest’

February 11th, 20193127 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 Minister of Petroleum and Mineral Resources Tarek El-Molla said. In an interview with CNA, the Egyptian minister said that after the...
Turkey pushing ahead with hydrocarbons exploration around Cyprus Cyprus

Turkey pushing ahead with hydrocarbons exploration around Cyprus

February 2nd, 20194522 The Turkish vessel Barbaros will begin explorations in Cyprus’ offshore block 9 on Sunday, while explorations in blocks 1, 8 and 12 of Cyprus’ exclusive economic zone (EEZ) will take place by end of May, according to Turkish daily Yeni Şafak on Saturday. Block 9 was drilled twice by Italy’s ENI in 2014 and 2015, coming up empty...
Bill creating hydrocarbons fund to be expedited Cyprus

Bill creating hydrocarbons fund to be expedited

January 31st, 20191305 Party leaders and the government agreed on Thursday to expedite approval of a bill creating an investment fund to manage future income from hydrocarbons. Speaking after a meeting of the leaders’ council, government spokesman Prodromos Prodromou said a special session of the House finance committee has been scheduled for Monday to...
Leaders snipe over alleged 'two-state solution' comments    Cyprus Talks

Leaders snipe over alleged 'two-state solution' comments   

January 25th, 20193167 A war of words broke out on Friday between President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci over who said what and when about a two-state solution. Speaking after an even in Ormidhia on Friday night, the president said Akinci’s memory “was deceiving him”, while the Turkish Cypriot leader called on...
Cavusoglu: Turkey has done its part to solve Cyprus problem Cyprus Talks

Cavusoglu: Turkey has done its part to solve Cyprus problem

January 22nd, 20193051 Turkish Foreign Minister Mevlut Cavusoglu was quoted as saying on Tuesday that Turkey had done its part to solve the Cyprus problem. Speaking at an event, Cavusoglu said not only did Turkey do its part for a settlement in Cyprus but also brought new ideas to the negotiating table. “Following the collapse of talks in Crans-Montana...
Akinci hits out at Ozersay (Updated with full comments) Cyprus Talks

Akinci hits out at Ozersay (Updated with full comments)

January 20th, 20195630 Turkish Cypriot leader Mustafa Akinci hit out at his 'foreign minister' Kudret Ozersay on Sunday through his Facebook page over the latter's view on the Cyprus negotiations. A translation from Turkish provided by Unite Cyprus Now, gave Akinci's response to Ozersay who the Turkish Cypriot leader said "felt the need to announce through...
East Mediterranean Gas Forum bringing Cyprus closer to its goal, Lakkotrypis says Energy

East Mediterranean Gas Forum bringing Cyprus closer to its goal, Lakkotrypis says

January 15th, 20193070 Energy Minister Giorgos Lakkotrypis has said that the decision to set up the East Mediterranean Gas Forum, an international organisation, was of enormous importance for Cyprus and its citizens. Cyprus, Greece, Egypt, Italy, Israel, Jordan and Palestine participate in the East Mediterranean Gas Forum, which is based in Egypt and its...
Cyprus’ gas should be marketed through Turkey, Cavusoglu says Energy

Cyprus’ gas should be marketed through Turkey, Cavusoglu says

January 10th, 20195131 Natural gas discovered off Cyprus should be marketed through Turkey or else it would not be a viable project, Turkish Foreign Minister Mevlut Cavusoglu has said. In an interview with Turkey’s NTV, Cavusoglu suggested that all parties shared the same view. “They are discussing other things to muddy the water,” he said. “If...
Exxon completes drilling at ‘Delphine’, moving on to ‘Glafcos’ Energy

Exxon completes drilling at ‘Delphine’, moving on to ‘Glafcos’

January 9th, 20194472 Drilling activities on behalf of ExxonMobil and Qatar Petroleum in the Delphine target in Cyprus’ offshore block 10 have been completed but there will be no announcements until after the end of drilling in the second location the energy consortium has chosen to explore, Energy Minister, George Lakkotrypis, said on Wednesday. The...
For gas prospects, much hangs on restarting negotiations in 2019 Guest Columnist

For gas prospects, much hangs on restarting negotiations in 2019

December 30th, 20184354 By Charles Ellinas With drilling in Cyprus coming to its climax early in the year, Egypt forging ahead, Leviathan coming on stream in Israel and exploration in full swing in Lebanon, 2019 promises to be another bumper year for East Med natural gas. Egypt will carry on building on the success of the last three years, with more gas...
Officials visit ExxonMobil’s drillship Cyprus

Officials visit ExxonMobil’s drillship

November 29th, 20182352 The ministers of energy and foreign affairs, Georgios Lakkotrypis and Nicos Christodoulides, US ambassador Kathleen Doherty, and ExxonMobil’s Vice President Tristan Aspray on Thursday visited drillship that carries out an exploratory drilling at the Deflini target in block 10 of Cyprus Exclusive Economic Zone on behalf of the...
Turkey warns Exxon drilling could change balance on Cyprus issue (Update) Cyprus

Turkey warns Exxon drilling could change balance on Cyprus issue (Update)

November 18th, 20188704 Turkey said on Sunday it was repeating its warning to companies and countries over hydrocarbon exploration in Cyprus' exclusive economic zone (EEZ), suggesting that drilling by US giant ExxonMobil could change the delicate balance on the Cyprus issue. In a statement, Ankara warned it would launch its drilling activities in areas where...
Cyprus to proceed with energy plans, energy minister says Cyprus

Cyprus to proceed with energy plans, energy minister says

October 28th, 20182313 The Republic of Cyprus will proceed with its energy plans, exactly as foreseen, Minister of Energy Yiorgos Lakkotrypis said on Sunday from Paphos. Asked if the Republic of Cyprus has taken any steps to address Turkish provocations in Cyprus’ Exclusive Economic Zone, he said that the necessary measures have been taken in cooperation...
Turkey plans to start drilling in East Med on October 29 Energy

Turkey plans to start drilling in East Med on October 29

October 15th, 20186726 Turkey plans its exploratory drilling in the Eastern Mediterranean on October 29, it was reported on Monday. Ankara said last week it’s drilling vessel Fatih had already arrived onsite and that training would be conducted with drilling at the end of the month. Necdet Pamir, the Chairman of the Energy Commission of the...
EAC boss says ‘unable to bring down prices’ Cyprus

EAC boss says ‘unable to bring down prices’

October 5th, 20183786 By Elias Hazou POLITICIANS on Thursday heave-hoed about rising electricity bills, only to be told that at the moment the state power corporation was unable to cut its rates. “The government must understand that, with Cyprus having exited the bailout programme, people cannot cope with its policy of extortionate taxes,” MP...
Gas exploration can be a catalyst for cooperation new US ambassador says Cyprus

Gas exploration can be a catalyst for cooperation new US ambassador says

October 4th, 20182781 Hydrocarbons can serve as a catalyst for increased regional cooperation and an incentive for a Cyprus settlement, the nominee for the position of US ambassador to Cyprus stated on Thursday. Judith Gail Garber was addressing the US Senate Committee on Foreign Relations. “This is an important time for Cyprus, a country situated at...
Cyprus and Egypt said to be close to inking gas deal Energy

Cyprus and Egypt said to be close to inking gas deal

September 17th, 20183951 By Elias Hazou Cyprus and Egypt are reportedly poised - perhaps even this week - to conclude an interstate gas export-import agreement. Energy minister Yiorgos Lakkotrypis will be signing the deal with his Egyptian counterpart Tarek El-Molla. Pen will be put to paper most likely in Nicosia. The agreement simply facilitates...
International conference on natural gas being held in Nicosia Energy

International conference on natural gas being held in Nicosia

September 8th, 20182210 THE discovery of more than 60 trillion cubic feet of natural gas in the Eastern Mediterranean creates great expectations for transforming the region into a major energy supplier. Following the discovery of Zohr, emphasis has shifted to carbonate rocks. Geological aspects will make-up one of the topics that will be covered at the first...
Cabinet appoints committee to renegotiate gas agreement (updated) Cyprus

Cabinet appoints committee to renegotiate gas agreement (updated)

August 21st, 20182626 The cabinet on Tuesday appointed a committee that will enter talks with energy companies over the revenue sharing agreement for the 4.5 trillion cubic feet (tcf) Aphrodite gas finding in an offshore block. “The best option is to try and find a mutually acceptable solution with the consortium so that the Aphrodite reserve is...
Cavusoglu: If the Greek Cypriot side starts drilling, so will we (Update 2) Cyprus Talks

Cavusoglu: If the Greek Cypriot side starts drilling, so will we (Update 2)

July 24th, 20184997 If the Greek Cypriot side starts drilling in the autumn, Turkey will also, Turkish Foreign Minister Mevlut Cavusoglu said on Tuesday. Cavusoglu, who was in the north for a meeting with Turkish Cypriot leader Mustafa Akinci, told the Turkish Aksam news outlet that where Cyprus was concerned, the process could not bear another...
All necessary measures being taken for Exxon drilling, minister says Energy

All necessary measures being taken for Exxon drilling, minister says

July 22nd, 20182927 Cyprus is taking all necessary measures to ensure that US energy giant, ExxonMobil’s exploratory programme in the island’s exclusive economic zone (EEZ) proceeds smoothly, Energy Minister Yiorgos Lakkotrypis said on Sunday. He also reiterated that developments on the Cyprus problem should not affect the country’s energy...
Natural gas importer Defa calls Greek pipeline proposal unsolicited Cyprus

Natural gas importer Defa calls Greek pipeline proposal unsolicited

July 5th, 20184763 The Natural Gas Public Company (Defa) on Thursday described as unsolicited a proposal it received from Greek company Energean to build a pipeline to Cyprus from Israeli offshore gas fields. Defa chairman Simeon Kassianides said the proposal was not submitted as part of a call for tender. Once the tender is called, he added, any...
Turkey to drill for gas off Cyprus, Cavusoglu says (updated) Cyprus

Turkey to drill for gas off Cyprus, Cavusoglu says (updated)

June 14th, 20187617 Cyprus will not be dragged into the climate of tension created by Turkey, government spokesman Prodromos Prodromou said on Thursday, responding to Turkish Foreign Minister Mevlut Cavusoglu who said Ankara was preparing to drill for hydrocarbons around the island after procuring its own drillship. Prodromou said the Cypriot government...
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