Newsletter subscribe
Tag: Aphrodite

FT: Geopolitics cloud prospects for East Mediterranean gas finds

Posted: January 9, 2018 at 3:29 pm   /   Oil & Gas

Fields are attractively close to Europe but political risks make development complex. When gas started flowing from the Zohr field last month it was an important step in Egypt’s drive for energy independence and signified that the eastern Mediterranean was finally establishing itself as a force in gas production. Claudio Descalzi, chief executive of Eni, the […]

No Comments read more

Egypt closes in on energy hub goal with new gas deals

Posted: January 2, 2018 at 10:21 pm   /   Oil & Gas

Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan to become a regional energy hub. The new 2.5 km wharf is being built by SUMED, which for decades has operated two pipelines from the Red […]

No Comments read more

Glimmer of hope for Cyprus to export its natural gas to Egypt

Posted: December 5, 2017 at 7:00 pm   /   Oil & Gas

Cyprus’ gas discovery in Block 12 has remained stranded since 2012 with no outcome in sight. The Aphrodite natural gas field off Cyprus is commercially viable and the field could produce 300 billion cubic feet (BCF) a year, which could be transported to Egypt by pipeline, the partners behind the project said. Texas-based Noble Energy, […]

No Comments read more

New Europe: Egypt, Cyprus, Greece, strive to export East Med gas to Europe, but at what price?

Posted: November 26, 2017 at 4:59 pm   /   Oil & Gas

The meetings endorse a gas export pipeline from Cyprus to Egypt and the EastMed gas pipeline. Cyprus President Nicos Anastasiades, Egypt’s President Abdel-Fattah el-Sisi and Greek Prime minister Alexis Tsipras endorsed a gas export pipeline from Cyprus to Egypt and the EastMed gas pipeline at a bilateral and trilateral meeting in Nicosia last week. During […]

No Comments read more

Egypt, Cyprus to start talks on agreement to construct gas pipeline

Posted: November 21, 2017 at 3:32 pm   /   Oil & Gas

Egypt and Cyprus have agreed to start discussions in December on an agreement to build a gas pipe from a Cypriot natural gas field to take gas to Egypt, Cypriot state radio reported on Monday. It said the agreement came during talks when Egypt’s President Abdel Fattah al-Sisi made an official visit to Cyprus on […]

No Comments read more

Cyprus working extensively to export its natural gas to Egypt

Posted: November 2, 2017 at 8:01 pm   /   Oil & Gas

Cyprus Hydrocarbon Company (CHC) is working “intensively” towards making gas exports to Egypt possible, General Manager Panos Kelamis told Cyprus Mail. “We want to clinch an agreement, because this would be an agreement for 15-20 years that will offer Cyprus the maximum … We definitely want to go to Egypt, but we have certainly looked […]

No Comments read more

Egypt's Idku front-running option for East Med Gas

Posted: August 26, 2017 at 2:13 pm   /   Oil & Gas

Source: BMI Research BMI View: In line with our long-held view, the proposition to pipe natural gas from the Leviathan and Aphrodite fields to the Idku LNG plant in Egypt represents the most compelling export scenario for the fields. The Egyptian option is both less politically sensitive and less capital intensive than the alternative scenarios. Royal […]

No Comments read more

Shell considers buying Israeli, Cyprus gas for Egypt Idku LNG plant

Posted: August 21, 2017 at 12:36 pm   /   Oil & Gas

• Gas from Leviathan, Aphrodite may be sent to Idku LNG facility. • Some fuel from Aphrodite field could also be sold in Cyprus. Royal Dutch Shell Plc is seeking creative solutions to bring gas from Israel and Cyprus to market, a step that could help turn the Mediterranean region into a major gas-producing hub. […]

No Comments read more

Mediterranean Sea: from gas new opportunities for integration (ABO.net)

Posted: January 20, 2017 at 7:47 pm   /   Oil & Gas

By Costanza Concetti. The new found hydrocarbon resources in the Mediterranean may represent the pretext for long-awaited regional integration. With Eni’s discovery offshore Egypt of the Zohr Field, whose 850 bcm of lean gas make it the largest gas trove in the Mediterranean to date, the Eastern Mediterranean has officially become a viable supply basin […]

No Comments read more
nat gas

Egypt: The Eastern Mediterranean's Next Natural Gas Hub?

Posted: September 7, 2016 at 12:11 pm   /   Oil & Gas

On Aug. 31, Egypt and Cyprus signed a preliminary deal for an underwater pipeline. For Egypt, the deal is part of a broader strategy to position itself as a hub of energy development and consumption. • The eastern Mediterranean will attract great interest from international oil and natural gas companies over the next decade. • […]

No Comments read more