Posts tagged with "Lakkotrypis"

Cyprus expects first gas output from Aphrodite field by 2025 Cyprus

Cyprus expects first gas output from Aphrodite field by 2025

May 4th, 20194096 By Devika Krishna Kumar Cyprus expects initial natural gas production from the Aphrodite field will begin between 2024 and 2025, Cyprus' Minister of Energy Yiorgos Lakkotrypis said on Friday, after negotiations with operators and an ownership squabble delayed output. Cyprus' Aphrodite was first discovered in 2011, but production...
Trade with UK not expected to be hit by hard Brexit Cyprus

Trade with UK not expected to be hit by hard Brexit

April 9th, 20191760 Cyprus’ trade with the UK is not expected to be adversely affected in any significant way, including in the event of a hard Brexit, Commerce Minister Giorgos Lakkotrypis told lawmakers on Tuesday. In case of a hard Brexit, World Trade Organization regulations would apply, and it does not appear that tariffs would be imposed on the...
Challenges ahead for tourism industry, hoteliers say Cyprus

Challenges ahead for tourism industry, hoteliers say

February 26th, 20193822 Despite recent record years Cyprus’ tourism continues to face great challenges due to geopolitical developments, recession and competition from neighbouring countries, speakers at the 41st annual conference of the Cyprus Hotel Association (Pasyxe) said on Tuesday. These challenges need to be met through the continuation of the...
France’s Total may expand presence into block 8 of EEZ (Updated) Energy

France’s Total may expand presence into block 8 of EEZ (Updated)

May 21st, 20184463 French energy giant Total, wants to expand its presence into block 8 of Cyprus’ exclusive economic zone (EEZ) Energy Minister Yiorgos Lakkotrypis said on Monday. Speaking to reporters at the presidential palace after the meeting between President Nicos Anastasiades and the Regional Director of Total, Stephane Michel, Lakkotrypis...
ENI defiant in face of Turkish threats Energy

ENI defiant in face of Turkish threats

April 25th, 20186622 The CEO of Italian energy giant ENI, Claudio Descalzi, was defiant in the face of Turkish threats on Wednesday, saying the company was committed to its plans and would not just leave behind the €700 million it has invested in Cyprus’ exclusive economic zone (EEZ). Descalzi made the comments to reporters after a meeting he had...
Lakkotrypis confirms Shell’s interest in Cypriot gas Cyprus

Lakkotrypis confirms Shell’s interest in Cypriot gas

March 13th, 2018386 Energy Minister Yiorgos Lakkotrypis said Royal Dutch Shell has shown interest in buying Cypriot and Israeli gas over the next 10 years. Lakkotrypis, who was speaking on state radio CyBC, confirmed a Bloomberg report saying Shell was interested in buying 10bn cubic metres of Cypriot and Israeli natural gas over the next 10 years for...
Cyprus, Greece and Egypt Tourism Ministers discuss cruise tourism Cyprus

Cyprus, Greece and Egypt Tourism Ministers discuss cruise tourism

March 9th, 20182178 Minister of Tourism Yiorgos Lakkotrypis has had a trilateral meeting with his Greek and Egyptian counterparts Elena Koundoura and Rania Al Mashat in Berlin on the sidelines of the international tourism fair ITB 2018, focusing on their cooperation on cruise tourism. The three ministers discussed possible steps forward in relation to...
Tourism minister to attend Berlin travel fair Cyprus

Tourism minister to attend Berlin travel fair

March 6th, 20182225 Energy, Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis departs on Tuesday for Berlin, where he will lead the Cyprus delegation participating in the ITB International Tourism Exhibition 2018. Over the course of Wednesday and Thursday, Lakkotrypis will meet representatives of major airlines, as well as Germany's main tour...
Lakkotrypis says Cyprus’s hydrocarbon planning to continue Energy

Lakkotrypis says Cyprus’s hydrocarbon planning to continue

February 26th, 2018406 By Stelios Orphanides The minister of energy said that Cyprus’s plans to explore, develop and exploit hydrocarbons in its exclusive economic zone (EEZ) will continue even if Turkish war vessels prevented a drillship hired by Italy’s energy company Eni from approaching its target. “We are going ahead as we planned,” Yiorgos...
Diplomatic efforts continue over gas standoff, energy minister says Cyprus

Diplomatic efforts continue over gas standoff, energy minister says

February 21st, 20183917 Energy Minister Giorgos Lakkotrypis said Wednesday diplomatic efforts to end a standoff with Turkey over natural gas exploration continued, as Italy warned it could eventually affect the entire area. “Nothing has finished, diplomatic efforts continue,” the minister told reporters. “We are in constant communication with the...
‘Zohr-like play’ in Block 6, Turkish Navtex will not stop plans (Wrap-up) Energy

‘Zohr-like play’ in Block 6, Turkish Navtex will not stop plans (Wrap-up)

February 8th, 20184963 ITALIAN energy giant ENI said on Thursday that it made a discovery of lean gas off the coast of Cyprus after drilling an exploratory well at Calypso, the exploration target in offshore block 6 of the island’s exclusive economic zone (EEZ). An analysis of data following a collection of fluids and rock samples revealed that Calypso...
Eni made important gas discovery in block 6 (updated) Cyprus

Eni made important gas discovery in block 6 (updated)

February 8th, 2018557 Italy’s energy giant Eni said that it made a lean gas discovery off the coast of Cyprus after drilling an exploratory well at Calypso, the target of exploration in block 6 of the island’s exclusive economic zone (EEZ). “The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters,...
Saipem drillship arrives for exploration in block 6 Cyprus

Saipem drillship arrives for exploration in block 6

December 28th, 20176344 THE Saipem 12000 deepwater drillship has arrived at the target in block 6 where later this week it is scheduled to commence drilling an exploratory gas well. Energy minister Giorgos Lakkotrypis tweeted on Wednesday: “Saipem 12K, welcome to #Cyprus #EEZ. Calypso awaits... Best of success @ENI and @TOTAL.” The drillship has been...
Cyprus, Greece, Italy and Israel back natgas pipeline to Europe (updated) Energy

Cyprus, Greece, Italy and Israel back natgas pipeline to Europe (updated)

December 5th, 20177565 Cyprus, Italy, Greece and Israel agreed on Tuesday to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe. The project, known as East Med, involves a 2,000km long pipeline to channel offshore reserves in the Levantine Basin in the far east corner of the Mediterranean to Greece...
Anastasiades to meet ENI chief Cyprus

Anastasiades to meet ENI chief

November 23rd, 20173005 Details of which wells ENI will be drilling next, and when, could emerge from Friday’s scheduled meeting between the company’s CEO Claudio Descalzi and President Nicos Anastasiades. Media reports suggested ENI’s next target will be located in block 6, followed by another drill in either block 8 or 2. Anastasiades and Descalzi...
Lakkotrypis presents benefits of Cyprus for investment at London gathering Cyprus

Lakkotrypis presents benefits of Cyprus for investment at London gathering

November 8th, 20172765 Energy Minister Yiorgos Lakkotrypis presented the benefits of Cyprus as an investment destination during a business event organised in London. Lakkotrypis, in London for this year’s World Travel Market, was addressing a selected audience of professionals in tourism, finance, commerce, energy, media and entertainment, as well as...
Lakkotrypis to attend World Travel Market in London Cyprus

Lakkotrypis to attend World Travel Market in London

November 5th, 20171945 Yiorgos Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism is to depart for London to attend the World Travel Market 2017. An official announcement said Lakkotrypis will hold a number of meetings with British airline representatives and tour operators. The minister will also lead a business delegation from Cyprus which...
No easy path for Cyprus to become an energy hub, Lakkotrypis says Cyprus

No easy path for Cyprus to become an energy hub, Lakkotrypis says

November 1st, 20173964 There are no easy solutions Cyprus wants to become an energy hub and to exploit its natural wealth, Energy Minister Yiorgos Lakkotrypis said on Wednesday. He was addressing the 5th Energy Symposium hosted by the Southeastern Europe Energy Institute and Financial Media Way, in Nicosia. Lakkotrypis said that if Cyprus wished to...
Planned drillings to give clear hydrocarbons picture (Updated) Cyprus

Planned drillings to give clear hydrocarbons picture (Updated)

October 30th, 20173648 Four or five drills are expected over the next 12 months, Energy Minister Yiorgos Lakkotrypis told MPs on the House Finance committee on Monday. Grilled on his ministry’s 2018 budget, Lakkotrypis said by the end of next year there will be a clear picture of Cyprus’ subsea natural resources, thus facilitating...
High hopes for coming winter tourism season Cyprus

High hopes for coming winter tourism season

October 1st, 20176934 An extra 250,000 airline seats are being added for the coming winter tourism season, translating into a 20 per cent increase in the number of arrivals between November and March, industry players say meaning the success of tourism so far this year looks set to continue. Although summer arrivals have reached record levels over the past...
Onisiforos well not commercially viable, Lakkotrypis says   Energy

Onisiforos well not commercially viable, Lakkotrypis says  

September 12th, 20174358 The Onisiforos well in Cyprus’ exclusive economic zone (EEZ) is estimated to have less than half a trillion cubic feet (tcf) of natural gas, Energy Minister Yiorgos Lakkotrypis said on Tuesday. Addressing a press conference, in Nicosia, after the completion of a drilling operation by energy giants ENI and Total in EEZ block 11,...
ExxonMobil plans to drill in second half of 2018  (Updated) Energy

ExxonMobil plans to drill in second half of 2018  (Updated)

September 6th, 20177108     Two drillings are planned by ExxonMobil in Cyprus’ exclusive economic zone (EEZ) in the second half of 2018, the energy giant said on Wednesday. At a presentation with Energy Minister Giorgos Lakkotrypis in Nicosia, ExxonMobil’s vice president for Europe, Russia, and the Caspian, Tristan Aspray said currently,...
Cabinet green lights new RES scheme Cyprus

Cabinet green lights new RES scheme

August 29th, 20172637 The cabinet on Tuesday green-lighted a Renewable Energy Sources (RES) scheme with a total capacity of up to 212MW, aspiring to give a boost to the island’s RES penetration goal for the year 2020. Announcing the scheme to reporters, Energy Minister Giorgos Lakkotrypis said it would cover multiple technologies including wind, solar,...
Business leaders gear up for Autumn investment push Business

Business leaders gear up for Autumn investment push

August 9th, 20172916 A series of business missions abroad is being organised by the Cyprus Chambers of Commerce and Industry (Keve) for the Autumn, aiming at promoting Cyprus as an investment destination in Iran, the US, London and China. Some of the missions, most likely Iran and the US, will be attended by the minister of energy, commerce, industry and...
Turkish monitoring of drillship no cause for concern, Fokaides says Cyprus

Turkish monitoring of drillship no cause for concern, Fokaides says

July 14th, 20178609 By George Psyllides and Andria Kades DEFENCE minister Christoforos Fokaides said Friday there was no cause for concern from Turkey’s moves in relation with the island’s offshore natural gas exploration activity, while the foreign ministry issued a separate statement saying that legislation will be ready soon to determine a wealth...
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