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Cyprus gas field commercially viable; pipeline to Egypt planned

Cyprus got a fillip over the weekend when partners exploiting a natural gas field off the island announced that the Aphrodite field is viable and could yield up to eight eight billion cubic meters (bcm) a year.
The news also included plans for the construction of a pipeline to Egypt, Reuters reports out of Jerusalem.

France's Total to press on with Cyprus oil and gas search

French energy giant Total will press ahead with its search for oil and gas off the coast of Cyprus, officials announced on Wednesday, weeks after the company indicated it might withdraw.

The announcement came following the signing of a deal by Energy Minister Giorgos Lakkotrypis and Total?s Cyprus operations chief Jean-Luc Porcheron, Cypriot officials said.

Cyprus eyes gas export pipeline to Egypt

NICOSIA ? Cyprus signed an energy deal with Egypt on Monday that could see the island supplying its Mediterranean neighbor with gas.

Cyprus is keen to exploit the Aphrodite field off its southeastern coast but the reserves proven so far are not considered sufficient to make it viable for the island to develop onshore export infrastructure of its own.

Greek Cyprus eyes gas export pipeline to Egypt

Greek Cyprus signed an energy deal with Egypt on Feb. 16 that could see the island supplying its Mediterranean neighbour with gas.
      
Greek Cyprus is keen to exploit the Aphrodite field off its southeastern coast but the reserves proven so far are not considered sufficient to make it viable for the island to develop onshore export infrastructure of its own.
      

US, Israeli gas field control nixed over monopoly fears

Israel's Antitrust Authority said Dec. 23 that U.S. giant Noble Energy and its Israeli partner Delek would not be able to continue holding offshore gas field Leviathan over monopoly concerns.

The decision, pending a confirmation hearing, effectively dismantles the monopoly held by Noble and Delek over Leviathan and Israel's smaller offshore gas findings.

Same old story in Cyprus

Efforts to find a just solution to the age-old Cyprus problem are on hold yet again. This time, the tension emerged in early October as a result of the exploration activities by a Bahamian-registered ship, the SAIPEM 10.000, on the behalf of the Republic of Cyprus (RoC).

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