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Tag: East Mediterranean

EMGC '18: Eni sees rapid development of East Med natural gas with Zohr

Posted: March 23, 2018 at 5:15 pm   /   Oil & Gas

Opening Day 1 of Gulf Publishing Company’s fifth annual Eastern Mediterranean Gas Conference (EMGC) on March 21 was Yiorgos Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism for the Republic of Cyprus. The Minister welcomed attendees and shared perspectives on energy development in Cyprus and throughout the region. Lakkotrypis’ talk was followed by a keynote […]

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Shell nearing $25 billion deal that would see Egypt become an East Med gas export hub?

Posted: March 12, 2018 at 10:47 am   /   Oil & Gas

Is Shell nearing a USD 25 bn agreement that could see Egypt become an East Med gas export hub? Shell is reportedly in talks to buy gas from the Israel’s Leviathan and Cyprus’ Aphrodite gas fields in a USD 25 bn, 10-year agreement, Israel’s Globes reports citing a report from Bloomberg. Shell is looking to […]

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Noble, Delek seek to buy rights for EMG gas pipeline for Egypt supply

Posted: March 11, 2018 at 8:21 pm   /   Oil & Gas

The partners in the Tamar and Leviathan natural gas site off Israel’s coast are in talks to buy the rights to use the East Mediterranean Gas (EMG) pipeline to supply gas to customers in Egypt. The partners, Texas-based Noble Energy and Israel’s Delek Drilling, did not provide details. Delek said there was no certainty a […]

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Strategic growth opportunities to be discussed at upcoming Eastern Mediterranean Gas Conference

Posted: March 11, 2018 at 7:55 pm   /   Oil & Gas

Strategic opportunities for growth and expansion to be discussed at upcoming Eastern Mediterranean Gas Conference (EMGC). Gulf Publishing Company is pleased to announce that the Eastern Mediterranean Gas Conference (EMGC) will return to the Hilton Cyprus, in Nicosia, Cyprus, on March 21—22, 2018. The conference program is sponsored by Eni, Deloitte, and CyGas and hosted […]

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Cyprus-Egypt gas pipeline deal to be signed by mid-year – El Molla

Posted: February 24, 2018 at 3:48 pm   /   Oil & Gas

Minister of Petroleum Tarek El Molla declared that before mid-2018, there will be a signing of an agreement with the European Union (EU) to build a Cyprus-to-Egypt gas pipeline, saying that the EU will be the main beneficiary of the energy produced. During his participation in the ‘International Petroleum Week’ conference in London, the minister […]

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Eni CEO: Drilling offshore Cyprus could be put on hold

Posted: February 24, 2018 at 3:35 pm   /   Oil & Gas

The head of Italian energy firm Eni said Thursday that planned drilling in search of gas off Cyprus could be put on hold until Turkey can be convinced to pull back its warships preventing a rig from reaching the site. Eni CEO Claudio Descalzi made the remarks after Turkey’s energy minister earlier insisted that his […]

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Bloomberg: Cyprus, Egypt nearing gas agreement

Posted: February 23, 2018 at 3:52 pm   /   Oil & Gas

Cyprus to sell Aphrodite gas to Egyptian LNG plants: minister. Noble Energy, Delek on Monday offered gas from Israeli fields. Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub […]

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Dolphinus Holding to buy Tamar, Leviathan gas in $15 billion deal

Posted: February 20, 2018 at 12:30 pm   /   Oil & Gas

Private Egyptian firm Dolphinus Holding will buy 64 billion cubic meters (BCM) of natural gas from the Tamar and Leviathan gas fields over 10 years. The deal is worth an estimated $15 billion. The partners in Israel’s Tamar and Leviathan offshore gas fields said they would supply the Egyptian company with around 64 billion cubic […]

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Eni confirms Calypso-1 gas discovery in Block 6 offshore Cyprus

Posted: February 9, 2018 at 9:08 pm   /   Oil & Gas

Eni announces a gas discovery Offshore Cyprus: Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The […]

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Egypt rejects Turkey’s stance on Cyprus demarcation agreement

Posted: February 9, 2018 at 8:37 pm   /   Oil & Gas

Egypt warns Turkey over Eastern Mediterranean economic interests. Egypt on Wednesday warned Turkey against any infringement of its economic rights in the eastern Mediterranean under a maritime border demarcation agreement signed in 2013 with Cyprus that allows exploration for gas in the area. The discovery of the massive Zohr gas field in 2015 has spurred […]

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