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 ...
Eni signs Egyptian gas deal to unlock LNG supplies for Europe this year
Eni (ENI.MI) has signed a deal to boost gas production in Egypt and boost liquefied natural gas supplies to Europe, the Italian energy group said on Wednesday.
The move ...
Europe’s appetite for US gas fast-tracks two new LNG projects
Two US liquefied natural gas (LNG) projects took major steps toward launching this week as Russia’s threats to cut energy supplies to Europe drives up demand and prices for ...
Could the US ship more LNG to Europe?
The United States, the world’s top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas ...
Global LNG demand growth shifts from Asia to Europe on Russia sanctions
Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled fuel ...
Cyprus LNG import project – questions that will not go away
This project has been continuously in the limelight during the last few weeks, but, worryingly, for the wrong reasons. Following many questions about the lack of progress, significant schedule slippage ...
Our View: State should calculate the cost of abandoning LNG project
It was triumphantly hailed by the government as the biggest and most important energy project ever undertaken by the Cyprus Republic, when the contract for the LNG import and regasification ...
President urges ministries to speed up LNG project
President Nicos Anastasiades on Thursday instructed government departments to do what they can to speed up the project for the import of liquefied natural gas (LNG).
A meeting held at ...