Turkey, gas and a knife-edge election
Turkey started natural gas production from its own massive Black Sea gasfield Sakarya on 20 April, less than three years after discovery. Sakarya is estimated to hold 710 billion cubic metres (bcm) ...
Turkish side ‘will take action’ over Aphrodite drilling
The Turkish Cypriot side will take action along with Turkey against the Cyprus government over a confirmatory drilling set to take place in the ‘Aphrodite’ gas field block 12, as they ...
Minister explores options for expediting gas extraction
Energy Minister George Papanastasiou on Thursday floated the idea of importing natural gas quantities from reservoirs in Cyprus’ exclusive economic zone, to be used for power generation, coupled with exports ...
The gas needs of Cyprus
Cyprus is getting closer to obtaining its own gas supplies from a number of possible sources. But how much gas does it actually need and how can it ensure security ...
Completion of LNG project at Vasiliko delayed – yet again
After years of delays and shifting timetables, work has begun in Vasiliko for the construction of a jetty to facilitate a floating LNG storage and regasification unit (FSRU), but the ...
Russian gas out, renewables in? Europe clings to green goals
By Laurie Goering
After Russia invaded Ukraine a year ago, European nations faced an onslaught of crippling new challenges – including working out how to swiftly replace the Russian gas that ...
Energy hot potatoes the new president will face
Cyprus has the resources and potential to generate most of its electricity from RES
Cyprus has a new president. A new era is starting and that includes energy. Many serious ...
New LPG terminal at Vasiliko a boost for energy hub and a blessing for Larnaca
The inauguration of the VLPG consortium’s LPG terminal at Vasiliko is not only a boost to the island’s energy hub but was the final step in removing oil ...
Chevron plan for gas field expected in next few days, drilling this year
Chevron is expected to submit its development plan for the Aphrodite gas field in Cyprus’ exclusive economic zone (EEZ) in the coming days, Energy Minister Natasa Pilides said on Tuesday ...
Turkey accuses Cyprus of increasing tensions over gas exploration
Turkey on Friday accused Cyprus of increasing tension in the Eastern Mediterranean after a consortium of Italian and French energy companies found more natural gas off the island earlier this ...
Pilides hails new gas find, but says infrastructure still not in place
Energy Minister Natasa Pilides on Thursday said the discovery of natural gas in the ‘Zeus-1’ target, which facilitates the utilisation of the deposits identified in block 6 of Cyprus’ exclusive economic ...
Energy security, climate change and geopolitics
The scramble for quick solutions to secure affordable and reliable energy could imperil climate action
There is no question that the energy crisis has forced governments to reconsider their priorities, ...
Oil and gas: The realities
As the European Commission is finding out, interfering with markets creates unintended consequences and eventually backfires
The oil and gas companies cannot get it right, can they? They have been ...
2027 realistic date for exploiting Aphrodite gas reserves says minister (Updated)
A realistic scenario for when Cyprus can produce natural gas from the Aphrodite gas field is 2027, Energy Minister Natasa Pilides told MPs at the House finance committee on Friday.
Construction ...
Cypriot envoy says any maritime border dispute with Lebanon ‘easily’ resolved
A Cypriot delegation in Lebanon on Friday for talks on maritime border delineation between the two countries said any disputes during that process could be easily resolved.
“There is no ...
East Med energy – the message from Europe and the IOCs
During the last ten days the island was privileged to host two senior officials key to the energy future of Cyprus: European energy commissioner Kadri Simson, and Director, frontier exploration, ...
Turkey’s Oruc Reis back in East Med
Turkey’s Oruc Reis seismological research vessel will begin a new round of gas searches in the Eastern Mediterranean, according to the country’s media reports.
The vessel – which had ...
EU proposes next steps to tackle energy crunch
The European Commission proposed a new raft of measures on Tuesday, aimed at pulling down high gas and power prices that are stoking inflation, hampering industrial activity and hiking citizens’ ...
Austria seeks allies for legal challenge to EU green investment rules
Austria said on Monday it was seeking to enlist other European Union countries to support its legal action against Brussels for labelling investment in gas and nuclear power as “green”.
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Billionaire Ibrahim decries double standard in West seeking gas from Africa
By Gloria Dickie
Sudanese-British billionaire businessman Mo Ibrahim accused developed countries of hypocrisy in warning Africans against developing natural gas reserves while also eyeing such investments in response to the ...
EU tells countries gas price cap would come with risks
The European Commission has warned EU countries that a broad cap on gas prices could be complex to launch and pose risks to energy security, amid calls from countries for ...
€192 million investment in Aphrodite announced
Oil companies operating the Aphrodite gas field have approved a €192 million investment to start drilling, Israeli company NewMed said on Sunday.
The amount will also cover other development costs for ...
Israeli energy minister due in Cyprus to address Aphrodite field dispute
Israeli energy minister Karine Elharrar will be in Cyprus on Monday 19 to address the pending dispute with Nicosia over the Yishai gas field, according to his Cypriot counterpart Natasa Pilides.
...
Putin: 25% of Russian gas supplies to Turkey will be paid for in roubles
Russian President Vladimir Putin said on Friday that 25% of Russian gas supplies to Turkey would be paid for in roubles, and that an agreement on this would come into force ...