Energy Triangle
Nicosia, Cairo sign deal for gas pipeline
Cyprus and Egypt have signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt, a statement said on Wednesday.
It said the deal was signed by Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis and Egypt's Oil Minister Tarek El-Molla.
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Total wants to expand gas search off Cyprus coast
An official of French energy giant Total said on Monday that the company wants to expand its search for gas off the south coast of Cyprus.
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Cyprus, Israel seek gas-sharing formula
An ownership squabble over Cyprus's main natural gas field is threatening to delay multi-billion-dollar plans to turn the Eastern Mediterranean into a major energy hub.
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East Med gas could supply Europe
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.
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US ships arrive in Cyprus EEZ
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).
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Drilling points to potentially sizable deposit in Cyprus's Block 6
Cyprus's energy minister said on Thursday exploratory drilling off the island's southern coast in Block 6 of the island's exclusive economic zone (EEZ) has shown indications of a potentially sizable gas deposit.
Bulgaria Wants to Buy Gas From Israel
Bulgaria would be interested in buying Israeli gas if the EastMed pipeline connecting Leviathan to Europe is built.
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Greece, Italy, Israel and Cyprus back gas pipeline to Europe
Italy, Greece, Cyprus and Israel agreed on Tuesday to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.
The project, known as East Med, involves a 2,000 km long pipeline to channel offshore reserves in the Levantine Basin in the far east corner of the Mediterranean to Greece and Italy, at a cost of up to 6 billion euros.
Cyprus: 4-5 drillings in the next 12 months
Cyprus will have a clear picture of its subsea natural resources by the end of next year during which four or five drills are expected according to Energy Minister Yiorgos Lakkotrypis.
Speaking to the House Finance committee on Monday Lakkotrypis informed the MPs that the government is currently waiting to be informed by Italian energy giant ENI on its planned drilling dates.
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Cyprus set to come in from the cold and end energy isolation
Cyprus is due to end its energy isolation after it agreed with fellow EU member Greece to press on with an undersea electricity cable, which will also link the island to Israel in the hope of tapping into significant gas reserves in the eastern Mediterranean.