LNG import to diversify Cyprus energy market
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LNG import to diversify Cyprus energy market

Natural gas viewed as solution to high cost of electricity. The use of liquified natural gas (LNG) for electricity generation is the only option for Cyprus to diversify…

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EastMed Gas Pipeline Uncertainties
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EastMed Gas Pipeline Uncertainties

The EastMed gas pipeline from Israel through Cyprus and Greece to Europe is back in the limelight. It was reported on November 24 that the governments of Israel,…

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النفط الصخري يغيّر وجه العالم
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النفط الصخري يغيّر وجه العالم

غيّر النّفط مرّة أخرى السياسات العالمية. وتعيد ثورة النّفط الصخري الأميركية بسبب تأثيرها في هبوط أسعار النفط عالمياً، تشكيل توازن القوى. تشير الدراسات الى أنّ متوسط الإنتاج اليومي…

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First FPSO to operate in the Eastern Mediterranean
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First FPSO to operate in the Eastern Mediterranean

The Floating production storage and offloading (“FPSO”) vessel, which will be installed 90 kilometrs offshore’s Israel, will be the first to operate in the Eastern Mediterranean. It will…

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Egypt Natural Gas Production Increases by 29.28% YOY
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Egypt Natural Gas Production Increases by 29.28% YOY

Egypt’s natural gas output jumped by 29.28% year-on-year (YOY) to 4.159 million tons in September 2018, up from 3.217 million tons in September 2017, Egypt Oil & Gas…

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Egypt to Repay $1B to IOCs Each Year
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Egypt to Repay $1B to IOCs Each Year

The Egyptian oil and gas sector plans to repay $1 billion each year to international oil companies (IOCs) that work in Egyptian concession areas, an official source at…

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Natural Gas Accounts for 15% of Egypt GDP
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Natural Gas Accounts for 15% of Egypt GDP

Natural gas accounts for 15% of the Egypt’s gross domestic product (GDP), Minister of Petroleum Tarek El Molla has said, according to Amwal Al Ghad. El Molla, speaking…

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Total and ENI apply to explore gas in Cyprus offshore block 7
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Total and ENI apply to explore gas in Cyprus offshore block 7

Oil Majors Total and ENI have applied for an exploration licence in block seven of Cyprus’ exclusive economic zone, the energy ministry announced on Monday. In a statement,…

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