Row over LNG contract escalates
The contractor behind the Vasiliko liquified natural gas (LNG) terminal should be “counting the days” before it receives a notice of termination, Energy Minister George Papanastasiou said on Tuesday.
His ...
Eni wins 2 blocks outright in Egypt oil and gas exploration round
Italy’s Eni ENI.SPA was the big winner in an Egyptian auction for oil and gas exploration rights on Tuesday, securing concessions for two of the four blocks outright, ...
Chevron Australia LNG keeps up exports despite outage, strikes
Chevron’s two western Australian plants continued exports of liquefied natural gas (LNG) on Friday, despite a step-up in strikes and a fault at the Wheatstone plant that cut production ...
Chinese-led consortium adjusts LNG terminal timeline, aims for July 2024
The Chinese-led consortium with the contract to build a liquefied natural gas (LNG) terminal at Vasilikos have just filed a new timetable, promising to deliver the project by July 2024, the ...
Russia’s Putin approves departure of Arctic LNG 2’s first line to production site
Russian President Vladimir Putin approved Arctic LNG 2’s first line departure via the Northern Sea Route from the Murmansk region to its future production site on the Gydan peninsula, the ...
Argentina turns away Gunvor-chartered LNG tanker, citing sanctions
A tanker containing liquefied natural gas (LNG) that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered <GGL.UL> vessel off the coast of France ...
Gas pipeline to Israel has attracted wave of interest says minister
Energy Minister George Papanastasiou on Tuesday said there has been a wave of interest in the proposed Israel-Cyprus pipeline that could offer cheap natural gas for electricity production on the ...
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) ...
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 ...
LNG project only 40 per cent complete
The completion date for the construction of a jetty to facilitate a floating LNG storage and regasification unit (Fsru) at Vasiliko is likely to be pushed back once again, Energy ...
New impetus for tardy LNG project
The recently-appointed energy minister George Papanastasiou seems to have injected a sense of purpose
Construction of a €300 million liquefied natural gas (LNG) import terminal at Vasilikos, plagued by a series ...
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 ...
Construction of LNG jetty set to start
Following long delays, construction of the jetty for the liquefied natural gas (LNG) terminal at Vasilikos is to begin next week, it emerged on Tuesday.
The Joint Rescue Coordination Centre ...
Cyprus must address energy transition challenges to reap benefits
Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas on Monday stated the energy transition, which primarily concerns the transition from fossil fuels to sustainable energy sources, while a necessary and ...
A difficult year for energy
With demand up and supplies lower, oil prices are expected to rise
If 2022 was a difficult year for energy, 2023 is expected to be even harder as the Russia-Ukraine war continues ...
Qatar seals 27-year LNG deal with China as competition heats up
QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest such LNG agreement to date as volatility drives buyers to seek long-term ...
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, ...
Germany touts possible ‘major role’ for Canadian LNG in shift away from Russia
Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the ...
Britain to receive rare LNG cargo from Australia
Britain is set to receive a rare shipment of liquefied natural gas (LNG) from Australia later this month, as countries across Europe strive to secure enough supplies ahead of winter.
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Germany, Canada in talks over LNG terminal for export to Europe -govt official
Germany is in talks with Canada over options for a liquefied natural gas (LNG) terminal on Canada’s east coast for export to Europe, a German government official told Reuters ...
Greece hopes to play important role in solving Europe’s energy conundrum – PM
Greek Prime Minister Kyriakos Mitsotakis says Greece, an entry point for natural gas for the eastern Mediterranean, could play a key role in helping Europe achieve energy autonomy given its ...
Block 6 drilling to take two months as EU looks towards Cyprus LNG facility
Exploratory drilling for natural gas off Cyprus now underway by Eni-Total should take 60 days, Energy Minister Natasa Pilides said on Tuesday as EU Commission president Ursula Von der Leyen told ...
Israeli natural gas may be exported to EU through Cyprus
Greek oil and gas company Energean on Monday announced the discovery of a commercially exploitable natural gas field in Israel’s exclusive economic zone (EEZ), with Cyprus being considered as ...
At last, a bankable LNG project for Cyprus
The urgent push to end dependency on Russian energy is creating new opportunities for the East Med and reviving projects previously considered unviable
By Charles Ellinas
A proposal by Energean ...