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; […]

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 […]

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 […]

Noble completes deal with BG for Aphrodite field and announces sale of interests in two licences offshore Israel to Delek

British oil and gas company BG Group has announced today it has taken a 35% holding in Block 12 offshore Cyprus from Noble. Noble Energy has sought approval from the Cypriot government to include Britain’s BG Group in a consortium holding rights over a natural gas field in the eastern Mediterranean the Aphrodite gas discovery, […]

Israel’s Leviathan export options

Last week marked the start of advanced talks between the Leviathan partners and Woodside in sight of the signing of a deal that would allow the Australian giant to purchase 25% of Israel’s giant 19 tcf field for an upward revised price tag. The MOU reflects important changes in comparison to what was originally discussed […]