Displaying 1 - 10 of 38 articles
The ITGI pipeline project is looking to ship natural gas from recently discovered Israeli and Cypriot gas fields but has not given up hope on gas from Azerbaijan, its chief executive said. Elio Ruggeri, head of the Italy-Turkey-Greece-Interconnector (ITGI), said on Friday the project was not tailor-made...
The second foray by Cyprus into tapping offshore gas reserves received an unexpected boost on Friday when 15 companies, including international heavyweights, bid for contracts in the untapped and energy-rich east Mediterranean. The island, which reported a natural gas discovery in December, on Friday...
The Eastern Mediterranean is set to become a key exporter of gas to Europe with Cyprus at the forefront, a Cypriot minister has said. In an interview with Platts news agency, Cypriot Foreign Minister Erato Kozakou-Marcoullis said that the potential for energy from the region was massive. "There...
Various reports indicate that major international energy companies have accelerated their moves to enter the research process in the Eastern Mediterranean natural gas fields, by attempting to join with established companies already operating in the region such as Noble Energy. Gazprom, Gaz de France...
Tensions between Cyprus and Turkey continue to flare as the Turkish government has granted approval to TPAO to explore for gas offshore areas in Cyprus's Exclusive Economic Zones. The relationship between Turkey and Cyprus has historically been strained, due to Turkey's former occupation of Cyprus and...
In a classified report that was leaked in the local press, the Cypriot regulatory agency for energy outlined five ways under which a third corridor can be achieved. The report, produced after months of consultations with the stakeholders involved in Israel, Cyprus and Greece, was commissioned for the...
In the mid-60s, John F. Kennedy stated the famous geography has made us neighbors, history has made us friends, economics has made us partners and necessity has made us allies having the flourishing US-Canadian alliance on his mind. Fifty years later, those words have a deep meaning for a newborn block...
Russian oil and gas company Novatek has confirmed that it is considering applying for a licence to explore for gas in Cyprus's offshore gas blocks. Novatek today confirmed to Reuters news agency that media reports speculating that the company would seek to explore in Cyprus's Mediterranean waters were...
On March 27th and 28th, an important international energy conference was held in Athens involving top officials from the United States, Greece, Israel, Cyprus and other countries. Attendees also included delegations from industry participants, including Noble Energy, which has recently achieved significant...
The Interconnector Turkey-Greece-Italy (ITGI) pipeline project, which recently effectively lost the Southern Corridor pipeline race to the rival Trans Adriatic Pipeline (TAP) project, is unveiling a new strategy, with plans to link itself with the prospective natural gas reserves offshore Cyprus and Israel.