ENI's

ENI's discoveries in Cyprus' exclusive economic zone (EEZ) and the scenarios for the utilization of the confirmed drillings as well as the preferred solutions to efficiently meet domestic energy priorities were discussed in a meeting of the president of the republic, Nikos Christodoulides, with ENI's Chief Executive Officer Claudio Descalzi on Tuesday in the presence of the ministers of energy

Cypriot Energy Minister George Papanastasiou announced on Wednesday that the obstacles in the development plan for the Aphrodite gas field have been overcome, marking progress in Cyprus' energy ambitions.

Cyprus' Energy Minister George Papanastasiou stated on Thursday that, during his discussions with consortiums operating in the Cypriot exclusive economic zone (EEZ), he suggested the option of importing natural gas quantities from the EEZ for power generation, in combination with LNG exports via a small LNG plant.

A major gas discovery in the Cronos-1 field, block 6 offshore Cyprus has been announced by energy companies TotalEnergies and ENI.

According to ENI's official announcement, preliminary estimates in the Cronos-1 field of block 6 indicate the existence of 2.5 tcf of natural gas.

Cyprus' energy minister says a consortium composed of energy companies Total of France and Eni of Italy has been licensed to explore for natural gas deposits in another area off Cyprus' southern coast.

Georgios Lakkotrypis says the two companies have an equal share in a new block into which a gas deposit that Eni discovered in an adjacent block last year is believed to extend.

Discovered resources globally of conventional oil and natural gas surpassed 4.5 billion barrels of oil equivalent in the first half of 2018, making for an exciting recovery with Guyana leading the way, according to analysis by Rystad Energy. Average monthly discovered volumes are 826 million barrels of oil equivalent. This is a 30% increase from 2017.

The East Mediterranean could become a hub to export gas to Europe - and the fastest and cheapest way to do that is to utilize idle processing plants in Egypt, a senior official for Italy's ENI said Wednesday.

The increased US naval presence in the Eastern Mediterranean until the end of the month is seen as an indication of the concern triggered by Turkey's recent hostility in the region, which last month led to the suspension of Italian energy company Eni's drilling operations in Block 3 of Cyprus's exclusive economic zone (EEZ).

The American Hellenic Institute (AHI) sent a letter to US President Donald J. Trump in the wake of acts of Turkish provocation and aggression in the eastern Mediterranean and broader region that have dire implications to American security interests.

Turkish warships harassed the surveying vessel of oil company Eni and threatened to sink it on Friday in the Exclusive Economic Zone of Cyprus, with the Italian ship forced to make the necessary maneuvers so as to avoid a collision, according to Skai radio that cited Cypriot news reports.