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The Israeli company Delek has expressed its interest in participating in the construction of an LNG plant in Cyprus. Delek’s chairman says he is hopeful for ‘a long-lasting cooperation between our company [Delek], the State of Israel and Cyprus’. Delek and subsidiary Avner Oil exploration...
John Tomich, head of US Noble Energy, announced Noble will carry out an appraisal well in Cyprus’ Block 12 gas field. Noble announced the Aphrodite discovery in Block 12 offshore Cyprus in late 2011 with estimated gross mean resources of 7 Tcf. The appraisal well will be carried out by Noble...
Israeli energy company Delek is interested in taking part in the development of gas processing facility in Cyprus, Associated Press reported. Senior Delek officials on Monday held talks with Cypriot President Nicos Anastasiades. Delek and subsidiary Avner Oil exploration hold a...
The European Investment Bank, the EU finance organization, says it would consider investing in a liquefied natural gas (LNG) terminal which Cyprus plans to construct. Discovery of natural gas fields off the Mediterranean island could help to ease a grim economic outlook after authorities had to close...
Cyprus could use its reserves of gas to meet up to 40% of Europe's additional gas needs over the next decade, lessening the European Union's reliance on Russia, the head of the island's national gas firm said. Charles Ellinas, executive chairman of the Cyprus National Hydrocarbons Company, said authorities...
Natural Gas Europe was pleased to have an opportunity to interview Dr. Theodore Tsakiris, Assistant Professor, Geopolitics of Hydrocarbons, University of Nicosia, Cyprus, at the 2nd Annual Cypriot-Greek Oil & Gas 2013 Summit organized by IRN in the southern coastal town of Limassol.
Natural Gas Europe was pleased to have an opportunity to interview Dr. Charles Ellinas, Chairman of the Cyprus National Hydrocarbons Company (KRETYK) and Mr. Solon Kassinis, Vice President of KRETYK at the 2nd Annual Cypriot-Greek Oil & Gas 2013 Summit organized by IRN in the...
What does it mean? In economics, the Dutch disease is the apparent relationship between the increase in the exploitation of natural resources and the decline in the manufacturing sector (as defined by Wikipedia). Generally, an increase in export revenues from natural resources will strengthen the country’s...
Israel, where the rich Tamar gas field started yielding earlier this month, is now considering exports to neighbours such as Jordan, Turkey and even Egypt. According to the Financial Times, the chief executive of Delek Drilling said his country's gas sector was was looking at possibilities to export...
Noble Energy is publicly seeking a partner to develop a natural gas field in Block 12 of Cyprus' Exclusive Economic Zone. In a press conference in Nicosia, Noble's Charles Davidson said the company has given the Cypriot government the names of the prospective investors for the gas field which exploratory...
