EastMed Pipeline Project

The Eastern Mediterranean (EastMed) pipeline project relates to an offshore/onshore natural gas pipeline, directly connecting East Mediterranean resources to Greece via Cyprus and Crete that could: i) enhance Europe’s gas security of supply via diversification of counterparts, routes and sources; ii) develop EU indigenous resources such as the offshore gas reserves around Cyprus and Greece; […]

Cyprus Offshore Exploration Blocks 3rd Licensing Round

The Cypriot government has awarded licenses for three exploration blocks offshore the southern part of the island under the country’s 3rd licensing round. Awards were as follows: Block 6: Eni Cyprus/Total E&P Cyprus Block 8: Eni Cyprus Block 10: ExxonMobil Exploration and Production Cyprus (Offshore)/Qatar Petroleum International Upstream. A team led by the Minister of […]

Israel and Cyprus discussed gas field cooperation

Prime Minister Benjamin Netanyahu and President Nicos Anastasiades agreed to cooperate over the neighboring Yishai and Aphrodite gas fields. Israel’s Prime Minister Benjamin Netanyahu and the President of Cyprus Nicos Anastasiades met yesterday to discuss a wide range of topics, reflecting the close and highly important relations between the states. These issues included counter terrorism […]

Cyprus EEZ – Bidders for third licensing round revealed

27 July 2016 Cyprus Government Spokesperson Nikos Christodoulides announced the bides for the Republic’s third licensing round for offshore exploration. Christodoulides made the announcement via Twitter. Shortly after Christodoulides’ announcement, Energy Minister Yiorgos Lakkotrypis also twitted: “Cyprus EEZ attracts significant interest from Oil & Gas majors during 3rd Licensing Round for offshore exploration.” The Minister’s […]

Global oil and East-Med natural gas

This article is based on a presentation of Charles Ellinas made at the fourth Energy Symposium organised by the Institute of Energy for South East Europe (IENE) and Financial Media Way (FMW) on December 7-8 at the Hilton-Park in Nicosia. The symposium was opened by President Nicos Anastasiades, who called for regional cooperation for the […]

East Med Gas commercial prospects and more

Exactly what will the Vasilikos LNG terminal mean for Cyprus? That question was answered by Nicos Kouyialis, Minister of Natural Resources and Environment, Cyprus, at the Frankfurt Gas Forum in a session dedicated to the commercial prospects and geopolitical risks of Eastern Mediterranean deep offshore gas. “Of course we’d like to see Cyprus become an […]