Natural Gas to Cyprus

The news of the Cyprus Public Natural Gas Agency, DEFA’s recent decision to include only LNG strategies and exclude CNG technologies from further negotiations for the interim delivery of natural gas to that country is shocking, illogical to the extreme, almost insulting to the intelligence of the people. It becomes even more frustrating that all is secret and it is impossible to see the rationale. But no ma ...

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France’s Total Joins Cyprus Energy Rush

Cyprus on Wednesday signed an agreement with French energy major Total to conduct exploratory drilling for gas and oil in two blocks off its southern shore. The deal comes as Cyprus aspires to become a regional energy hub with the prospect of oil as well as natural gas being tapped beneath the sea bed. ...

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Italy, South Korea to Begin Natural Gas Exploration in Cyprus

Italian oil giant ENI and South Korea‘s Kogas on Thursday were awarded rights to explore for natural gas deposits in three offshore blocks in Cyprus. The government of the Republic of Cyprus signed the Exploration and Production Sharing contracts with the consortium ENI-Kogas for blocks 2, 3 and 9, in the deep-water zone off the island‘s southwest coast, which encompasses an area of around 12,530 square kil ...

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Oil Fall as European Finance Ministers Meet on Greece

Oil Fall as European Finance Ministers Meet on Greece

Oil dropped as euro-area finance ministers meet to negotiate a bailout payment for Greece and as American leaders prepared to wrestle with a budget agreement. Futures fell as much as 1.1 percent as officials gathered in Brussels to discuss Greek aid less than a week after a meeting failed to yield an agreement. Republicans and Democrats in the U.S. need to find a budget compromise to avoid triggering $607 b ...

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Cyprus, Turkey At Odds Over Natural Gas Drilling

The tiny eastern Mediterranean country of Cyprus is expected to become the fifth eurozone nation to receive a bailout. But the island-nation, which is about half the size of Connecticut, could soon access a massive treasure under the sea: natural gas. ...

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ENI, EU Hold Talks On Row With Turkey

Italian energy company Eni has been in touch with the European Union as well as Rome concerning Turkey’s recent warning to review the Italian energy firm’s investments in the country if it goes ahead with plans to explore for natural gas in Greek Cyprus. ...

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Cyprus Woos Asian Energy Investors

Cyprus, one of the smallest countries in the European Union, says it is keen to attract investments from Asia including Asean for its growing offshore natural gas exploration and production industry. ...

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Greece to Hold Oil, Gas Licensing Round in First Half of 2014

Greece to Hold Oil, Gas Licensing Round in First Half of 2014

Greece plans to hold a licensing round for the exploration of oil and natural gas in the Ionian Sea and south of the island of Crete in the first half of 2014, the energy ministry said. The Nordic Explorer research vessel of Norway’s Petroleum Geo-Services ASA (PGS) will begin Nov. 11 a three-month long seismic survey of the Ionian Sea and the maritime zone south of Crete in an area that covers a total 220, ...

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