Mediterranean Sea: from gas new opportunities for integration (ABO.net)
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 […]
Egypt: The Eastern Mediterranean's Next Natural Gas Hub?
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. • […]
Cyprus signs deal with Egypt for transfer of natural gas via pipeline
Cyprus signed a deal on Wednesday for the transfer of natural gas via pipeline to Egypt, once extraction starts of discoveries made off the Mediterranean island. U.S. energy firm Noble found an estimated 4.5 trillion cubic feet of natural gas in one prospect off Cyprus in late 2011. A consortium of Italy’s ENI and Korea’s […]
A wealth under the sea (ABO Oil Magazine)
By Luca Bertelli, Chief Exploration Officer – Eni The Levantine Basin, in the eastern Mediterranean, covers the territorial waters of various countries (Egypt, Israel, Lebanon, Cyprus, and Syria) and an area of approximately 80,000 km2. From a geological point of view, the basin borders to the South with the wide sedimentary Nile Cone, to the […]
The Mediterranean Surprise (ABO.net)
The cradle of civilization, this corner of the world has always been characterized by strong contrasts. Now, thanks to energy, it could become a new focal point of development and unexpected opportunities. The Eastern Mediterranean was the cradle of 3 great religions, bureaucracies and market institutions. Alexander the Great was born there, the region was […]
BG Group buys 35% stake in Aphrodite gas discovery, offshore Cyprus
BG Group announced it has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery. This upstream position provides a potential source of gas to Egypt where BG Group holds equity in the two train LNG export facility at Idku as well as LNG offtake rights to lift 3.6 mtpa. […]
