Energy Triangle

France?s Total is close to extending an offshore natural gas exploration program in Cyprus after coming up empty in prior surveys, the island?s energy minister said on Monday.

France's Total is close to extending an offshore natural gas exploration program in Greek Cyprus after coming up empty in prior surveys, the energy minister said on late March 9.

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 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.
      

Greece plans joint military exercises with Israel, Cyprus and Egypt, Greek Defense Minister Panos Kammenos said Wednesday, amid continuing tensions between Cyprus and Turkey over oil exploration in the eastern Mediterranean.

By Michele Kambas

French energy company Total is likely to abandon a search for oil and gas off Cyprus after failing to find tangible evidence of reserves, dealing a blow to the island's hopes of a natural resource bonanza after a painful bailout in 2013.

French energy giant Total is expected to abandon its search for oil and gas off Cyprus, the island?s Energy Minister Giorgos Lakkotrypis said on Wednesday.

He said the government had been informed last September that Total has failed to locate any targets to test drill in the blocks it is licensed to exploit.

Cyprus said on Tuesday it has joined forces with Israel and Greece to get the European Union to consider a pipeline that would link the continent with newly found natural gas fields in the Eastern Mediterranean.

Energy ministers of Greece, Cyprus and Israel will hold talks with the EU next week to try to advance a plan for a pipeline linking newly-discovered gas riches in the eastern Mediterranean to Europe, Cyprus's energy minister has said.

NICOSIA – Egypt is speeding up talks with neighboring Cyprus to import natural gas for its domestic use and for possible re-export to other countries, the Egyptian petroleum minister said on Tuesday.

Sherif Ismail said gas can be piped directly to Egypt from the field off Cyprus’s southern coast that is estimated to hold 3.6 trillion to 6 trillion cubic feet of the fossil fuel.