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 […]

Israeli companies keen on Egyptian gas deal

Companies working in the Israel energy sector said they’re still pursing commercial deals in Egypt despite reports of a breakdown in talks. Egyptian media outlet Ahram Online reported during the weekend the government in Cairo announced plans to suspend negotiations between companies working to bring Israeli gas into the domestic market. The suspension followed word […]

Supergiant gas field discovered in Mediterranean – Italian oil giant Eni says field off Egypt’s coast holds equivalent of 5.5bn barrels of oil

A “supergiant” gas field holding the equivalent of 5.5bn barrels of oil has been discovered off the coast of Egypt, the largest ever find in the Mediterranean. Italian oil group Eni, which announced the discovery on Sunday, said the find was enough to supply Egypt with gas for decades, in a major boost to the […]

The Discovery of Hydrocarbons in Eastern Mediterranean Basin – An Opportunity for Regional Cooperation

After the successful completion of the GEF E&P Event: The Discovery of Hydrocarbons in Eastern Mediterranean Basin – An Opportunity for Regional Cooperation, which took place on the 13th of February, the GEF Organising Committee would like to thank our distinguished guest speakers Mr. Nicos Kouyialis – Minister of Agriculture, Natural Resources and Environment of the Republic of Cyprus […]