Sunday, September 21, 2014

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Cyprus' Role in East Med: Plan A and Plan B

Cyprus still harbors big hopes for the installation of an LNG plant at Vasilikos, according to Charles Ellinas, until recently Executive President, Cyprus National Hydrocarbons Company, but his country's role in the Eastern Mediterranean natural gas context may be receding. Mr. Ellinas offered...

Turkey to Consume Less Gas This Year

Turkey is projected to consume less natural gas in 2014 compared with last year, Anadolu Agency reports. Citing a report by Energy Market Regulatory Authority (EMRA), the news agency reports that the country will likely consume 46.5 billion cubic meters of gas this year, a decrease...

Southern Corridor: TANAP as the Foundation

Speaking about the Trans Anatolian Pipeline (TANAP) gas pipeline project and Azerbaijan's energy policy in that context at the Frankfurt Gas Forum, Vladimir Socor, Senior Fellow, Eurasia Program, The Jamestown Foundation, described the tensions that often arose between commercial and strategic policy...

East Med Gas: What About the Markets?

Building stuff is the easy part.  What about the markets? asked Alexandros Lagakos, Senior Gas Analyst, Shell Energy Europe, Shell S.A., UK, in a session at the Frankfurt Gas Forum dedicated to future prospects for Caspian and Eastern Mediterranean gas exports to the EU.   He commented:...

Geopolitics of the Energy Resource Potential of the Eastern Mediterranean: International and Regional Actors

The geostrategic significance of Eastern Mediterranean energy resources seems obvious if one considers that the EU is currently importing some 83% of its needs in oil and 57% in natural gas, and that estimates show that Israel, Cyprus and Greece’s deposits suffice for the exclusive feeding of the...

Politics Trump Economics in the Complex Game of Eastern Mediterranean Hydrocarbons

A 2010 publication of the U.S. Geological Survey caused major excitement in Cyprus, an island that at the time was suffering from the economic collapse of its neighbor and major trading partner, Greece. According to the publication, the seabed of the Eastern Mediterranean could contain up to 120 trillion...

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