Posts tagged with "gas"

East Med Gas Forum ‘evolving into international organisation’ Energy

East Med Gas Forum ‘evolving into international organisation’

April 18th, 20191655 The East Med Gas Forum (EMGF) will be meeting again in June with the purpose of evolving into an international organisation, energy minister Giorgos Lakkotrypis said Thursday. Speaking at the 9th Nicosia Economic Congress, Lakkotryrpis said that he hoped the forum – consisting of Egypt, Cyprus, Greece, Italy, Israel, Jordan, and the...
Cyprus and Lebanon to negotiate gas exploitation agreement Cyprus

Cyprus and Lebanon to negotiate gas exploitation agreement

April 11th, 20192096 Cyprus and Lebanon agreed to start negotiations on the exploitation of hydrocarbon reserves straddling the median line between their respective exclusive economic zones (EEZ), it was announced on Thursday. A statement said Foreign Minister Nicos Christodoulides, and Energy Minister Yiorgos Lakkotrypis, held talks in Beirut on Thursday...
East Med gas: a regional perspective CM Regular Columnist

East Med gas: a regional perspective

April 7th, 2019569 By Charles Ellinas An international workshop organised by a European think-tank in Nicosia on 3-4 April provided a regional perspective on East Med gas. The participants represented most countries in the region, as well as Greek and Turkish Cypriots, Greece and Turkey. The subjects discussed included the latest developments in natural...
‘Gas discovery opens new prospects for Cyprus’ Cyprus

‘Gas discovery opens new prospects for Cyprus’

March 7th, 20193149 The construction of the EastMed pipeline is a geopolitical necessity, senior fellow at the American foreign council Stephen Blank said, commenting on the latest discovery of gas in the Cypriot exclusive economic zone (EEZ). Invited to comment on the fact that ExxonMobil announced that it has made the largest gas find of the last two...
Parliament approves national investment fund (Updated) Cyprus

Parliament approves national investment fund (Updated)

March 1st, 20192484 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 the public debt. The original bill had included provisions stipulating that under certain fiscal conditions, a portion of the fund would be channelled...
Energy minister quashes rumours of gas find in block 10 Energy

Energy minister quashes rumours of gas find in block 10

February 14th, 20193514 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, 20194641 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, 20195402 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, 20191493 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, 20193398 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, 20193265 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, 20195875 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, 20193440 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, 20195518 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, 20194883 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, 20184785 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, 20182611 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 Delfini 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, 20189086 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, 20182405 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, 20186937 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, 20183924 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, 20182901 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, 20184053 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, 20182311 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...
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