Eastern Mediterranean Energy: The Next Game

Two years ago, in June 2010, the Leviathan, the largest gas field in Eastern Mediterranean was discovered by Houston’s Noble Energy in Israeli territorial waters. After a couple of nicely executed wells, in January 2011 the find was elevated to 16 trillion cubic feet (Tcf) and then because of ongoing work, the field size could go up to 25 Tcf of gas. Current thinking suggests also 600 million barrels of oil ...

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Eastern Mediterranean Natural Gas Culminations

The nascent natural gas sector in the Eastern Mediterranean has been making local headlines for quite some time, with great expectations for countries such as Cyprus and Israel to become important players in world energy markets. In the midst of intense geopolitical antagonism in one of the most volatile and important areas in the world, various initiatives are taking place, with ramifications that expand b ...

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Co-operation With America Throughout

The hydrocarbon discoveries in Cypriot waters, part of the Eastern Mediterranean bonanza, were "Godsent". However, a bigger gift for Cyprus was the weakening relations between Turkey and Israel. This rift forced Israel to seek a multifaceted and mutually beneficial co-operation with the Cypriot Republic. ...

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Israel’s First Offshore Gas Production

Israel’s First Offshore Gas Production

From Energy Live News Israel started pumping its first offshore natural gas in a move it hopes will help boost the nation’s economy and increase energy security. Located in the Mediterranean Sea, gas started flowing in from the Tamar offshore field into the Israeli port of Ashdod. The project is believed to be the largest privately funded infrastructure project in the nation, costing around $3 billion (£2bn ...

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Russia Muscles in on East Med Gas Boom

A new deal by Russia's Gazprom energy giant to market Israeli liquefied natural gas puts Moscow firmly in the burgeoning and contentious east Mediterranean energy sector, and shows that it's again emerging as a player in the strategic region. ...

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Mediterranean Energy: Cyprus Election Edition

Another day, another troubled European economy punishes its leaders for not being able to wade out of the fiscal muck that continues to paralyze much of the continent. This time around, Cyprus turned out to deliver one of the most decisive victories the divided island nation has ever seen, with 57% of voters casting their ballots for the Democratic Rally Party’s Nicos Anastasiades in a run-off against the C ...

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