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Italy’s Eni sees Cyprus role in Egyptian gas development

Eni Chief Executive Officer Claudio Descalzi met in the Cypriot capital, Nicosia, with President Nicos Anastasiades to discuss the potential for future cooperation. Photo courtesy of Eni. NICOSIA, Cyprus, Sept. 10 (UPI) — Italian energy company Eni said the republic of Cyprus could serve as a strategic energy hub and a possible conduit for future Egyptian natural gas supplies. Eni Chief Executive Officer Claudio Descalzi met in the Cypriot capital, Nicosia, with President Nicos Anastasiades to discuss the potential for future cooperation . The Italian company said Cyprus could play a role in the near future in a scenario involving the recent gas discovery made off the coast of Egypt. "Eni believes in the significant synergies of joint development in the entire area of the eastern Mediterranean," the company said in a statement. "This area could be of crucial strategic importance as a gas hub for the whole region […]

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Cyprus emerging as regional gas player

Government of Cyprus gets notification a reserve area off its coast holds commercial quantities of natural gas. File Photo by UPI/Maryam Rahmanian TEL AVIV, Israel, June 8 (UPI) — A group of Israeli energy partners said they were declaring a natural gas reservoir discovered off the coast of Cyprus a commercial prospect. Delek Group, along with its partners at Avner Oil Exploration and Noble Energy, said they submitted a declaration to the Cypriot government that reserves discovered in the Aphrodite prospect were considered of commercial quality . "In addition, the Aphrodite reservoir partners intend to submit a proposed outline of the development plan of the Aphrodite reservoir to the government of Cyprus," they said in a joint statement. Delek offered no indication of the reserve estimates in the Aphrodite reservoir. The Mediterranean island nation of Cyprus is considered frontier energy territory, though the offshore area could hold nearly 12 […]

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Cyprus: “On the Verge of Significant Energy Production”

Shale Gas White Paper December 30th, 2013 12:05am Posted In: Natural Gas , LNG , News By Country , Israel , Featured Articles , Cyprus In his introduction of Nicos Kouyialis, Minister for Natural Resources and Environment, Cyprus , panel moderator John Roberts characterized Cyprus as a country “on the verge of significant energy production," an incredibly apt description, among others, at the 2nd Annual Frankfurt Gas Forum . “The discoveries of substantial quantities of natural gas open up new perspectives and gives a new impetus to the role the Eastern Mediterranean region can play in the global and European energy markets,” he began.  “Our vision is to establish Cyprus as a regional energy hub, utilizing its own indigenous hydrocarbon resources, eventually additional quantities from the neigboring countries,” added Minister Kouyialis. In order to fulfill this vision, he said the basic objectives of the government of Cyprus were “To […]

Posted On : Published By : Tom Whipple
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Cyprus: “On the Verge of Significant Energy Production”

Cyprus In his introduction of Nicos Kouyialis, Minister for Natural Resources and Environment, Cyprus , panel moderator John Roberts characterized Cyprus as a country “on the verge of significant energy production," an incredibly apt description, among others, at the 2nd Annual Frankfurt Gas Forum . “The discoveries of substantial quantities of natural gas open up new perspectives and gives a new impetus to the role the Eastern Mediterranean region can play in the global and European energy markets,” he began.  “Our vision is to establish Cyprus as a regional energy hub, utilizing its own indigenous hydrocarbon resources, eventually additional quantities from the neigboring countries,” added Minister Kouyialis. In order to fulfill this vision, he said the basic objectives of the government of Cyprus were “To […]

Posted On : Published By : Tom Whipple
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Cyprus likely partner as Israel mulls gas exports, but Turkey beckons

Israel is studying its options for exporting its natural gas riches in the eastern Mediterranean, but instability in neighboring Egypt and friction with former ally Turkey are blocking possible undersea pipeline links with them to take the gas to Europe. That leaves a joint export operation with neighboring Cyprus, which will be the next big offshore gas producer in the region, looking like the frontrunner — for now, at least, because war-divided Cyprus lies at the center of a long and seemingly intractable dispute with Turkey. Regional security problems are proving to be a major stumbling block in the Jewish state’s drive to capitalize on its newfound energy wealth, with the Israeli navy undergoing an expansion driven by the need to protect Israel’s offshore fields and infrastructure. A recent report by the U.S. Energy Information Administration observed territorial disputes in the eastern […]

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Report: Cyprus, energy company Total review LNG prospects

NICOSIA, Cyprus, Nov. 8 (UPI) — The Cyprus government reached an agreement with French energy company Total for a liquefied natural gas plant in the country, The Cyprus Mail reported Friday On Thursday, the two sides signed a memorandum under which they will examine the prospects for an LNG plant along the southern coast of Cyprus, the report said. In February, Total was awarded the rights to explore two reserve areas in the country’s economic zone. The newspaper reported Total has yet to carry out any exploration activity in the reserve areas. A survey is expected in late 2015 and, if the presence of hydrocarbons is confirmed, drilling could take place by 2016. Total likely won’t make a formal decision on whether to move ahead with the LNG project until 2017, the newspaper said. The Mediterranean island nation is considered frontier energy territory. Its offshore area could hold nearly […]

Posted On : Published By : Tom Whipple