Newsletter subscribe
Tag: Greece

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 says newly discovered East Med gas can be EU's new energy source

Posted: November 21, 2017 at 3:43 pm   /   Oil & Gas

Newly discovered gas deposits in the eastern Mediterranean can offer Europe the alternative sources of energy that it’s searching for, Egypt’s president said Monday. President Abdel-Fattah el-Sisi said that Europe can take advantage of the proximity of both Egypt and Cyprus to the continent in that energy search. “These gas discoveries can contribute to the […]

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

Egypt speeds up maritime border negotiations, making way for offshore discoveries

Posted: August 5, 2017 at 5:22 pm   /   Oil & Gas

Egypt is speeding up negotiations with neighboring countries to finalize the demarcation of borders in the Mediterranean, which holds huge natural gas reserves compared to the Red Sea. The country has initiated talks with Greece to draw the maritime border, according to local sources. Egypt and Cyprus are also expected to sign the official border agreement […]

No Comments read more

East Mediterranean gas will improve energy security in Western Europe

Posted: April 20, 2017 at 9:24 pm   /   Oil & Gas

Quite suddenly, there is remarkable oil industry news to come out of the East Mediterranean region. If the plan is executed, in the space of seven years the balance of energy security in Western Europe will be radically changed. In geopolitical terms, this will be immense; when the planned Israel-Cyprus-Greece-Italy gas pipeline is built, European […]

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
EGY-CYP-GRE

Low prices trump Greece-Egypt-Cyprus political energy deal hopes

Posted: October 10, 2016 at 7:07 pm   /   Oil & Gas

Greek Prime Minister Alexis Tsipras plans to visit Cairo on October 11 to take part in trilateral talks with Cyprus President Nicos Anastasiades and Egypt’s President Abdel Fattah Al Sisi. “I see these trilateral meetings very useful politically. In the longer term I hope these will lead to wider cooperation in the East Med,” Cyprus […]

No Comments read more

Cyprus, Egypt, Greece Tripartite Summit Declaration

Posted: December 9, 2015 at 6:58 pm   /   Oil & Gas

A third Trilateral Summit between Greece, Egypt and Cyprus in Athens on Wednesday effectively solidified the foundations of the cooperation between the neighbouring countries in the years to come. “Our 3rd Trilateral Summit underlines our well-established and continuous tripartite partnership aiming at promoting peace, stability, security and prosperity in the Eastern Mediterranean in various fields […]

No Comments read more