Natural gas
Nicosia eyes shipping corridor for gas exports
Cyprus wants to establish itself as a gateway from East Mediterranean gas resources to Europe via a shipping corridor of LNG carriers, its president said on Monday.
Cyprus' new centrist government, which came to power in February, has cooled to the idea championed by its predecessors of an "EastMed" pipeline transferring gas to Europe.
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Nicosia resolute on gas plans
Cyprus' minister of energy, George Papanastasiou, has affirmed Nicosia's commitment to proceed with its plans for transporting natural gas from the region, both for domestic electricity generation and for liquefied natural gas (LNG) exports, despite geopolitical reactions.
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Chevron ‘positive’ about Israeli-Cypriot plans for natural gas pipeline
Oil and gas company Chevron is "positive" about an Israeli-Cypriot plan for a pipeline that would convey offshore natural gas from both countries to Cyprus where it would be liquefied for export by ship to Europe and elsewhere, an official said Friday.
The Price of Gas in Europe fell to a two-year Low
The price of natural gas fell to a record low on the Dutch stock exchange, whose prices are a reference for trade in Europe, "Reuters" reported.
The price of June gas on the Amsterdam Exchange reached €24.90 per megawatt hour (MWh) in the morning - the lowest level since May 27, 2021.
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More natural gas exploration planned in Black Sea: Minister
Türkiye will conduct exploration activities for natural gas off the coast of the province of Ordu in the Black Sea, Energy and Natural Resources Minister Fatih Dönmez has said.
Drilling in this area will begin by the end of 2023, Dönmez said in an interview with private broadcaster CNN Türk. "We are hoping to find natural gas there."
Türkiye to explore oil in eastern Black Sea: Minister
Türkiye will conduct oil exploration activities in the eastern Black Sea, Energy and Natural Resources Minister Fatih Dönmez has said, adding that finding oil in this area is likely.
Nicosia at odds with Eni boss
The Cypriot government says it does not share views on East Med gas made by Eni boss Claudio Descalzi, who told Italian lawmakers an Eastern Mediterranean gas project cannot go forward without Turkey, with Nicosia begging to differ and pointing to other firms willing to take the risk.
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Alexandroupoli port set for 24-million-euro upgrade
Greece has secured 24 million euros in European Union funding to upgrade its northern Aegean Sea port of Alexandroupoli, privatization agency TAIPED said on Wednesday.
Alexandroupoli has been used by US military ships to unload munitions and move them to the eastern flank of NATO.
High cost of emergency measures for energy
The cost of the emergency measures Greece bore for the energy shielding of Europe, taken by the Commission in the midst of the panic over a complete stoppage of Russian gas exports, came to more than 300 million euros.
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Too Early to Say Europe’s Energy Crisis Is Over, Experts Warn
Mary B. Warlick (M), Deputy Executive Director International Energy Agency, and Ivan Krastev (R), Permanent Fellow at the IWM, at a panel discussion at the "Time to Decide Europe Summit", in Vienna, Austria, on 16 May 2023. Photo: ERSTE Foundation