Energy Triangle

Gunboat diplomacy kicks in as Turks threaten drilling

Turkey has sent two ships and a submarine to monitor a drilling vessel off Cyprus, the military said yesterday, in a measure likely to increase tension.

Nicosia said the Turkish move was expected as Ankara wants to crank up the pressure over gas exploration, but will stop short of any military attack.

Greece will be the bridge between Cyprus and Israel on energy interconnections

The promotion of energy interconnections between Eastern Mediterranean countries with the European Union will be discussed in the meeting of Energy Ministers of Greece, Cyprus and Israel Energy that will be held on Wednesday in Athens, with Greece claiming to play the role of energy bridge between the two sides.

Cyprus Eyes Bulgaria as Part of Plans to Transit Gas to Europe

Bulgaria is among the countries that Cyprus could work with to deliver gas to Europe, Cyprus' Energy Minister Georgios Lakkotrypis has said.

At a meeting with his Bulgarian counterpart Temenuzhka Petkova in Sofia, he has discussed possibilities for energy cooperation between the two countries.

Greek Cypriot side launches new round of gas exploration

Greek Cyprus has launched a third licensing round for offshore oil and gas drilling off the Mediterranean island's southern coast.

"The decision to launch this licensing round was based on the huge interest by international companies to carry out explorations offshore Cyprus despite the energy industry's not so favorable conditions," said government spokesman Nicos Christodoulides.

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.

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