Saturday, February 25, 2017

International Conference in Cyprus to focus on Mediterranean gas - FAMAGUSTA GAZETTE

Saturday, 25 February, 2017

Fourth Eastern Mediterranean Gas Conference (EMGC) to take place on 14-15 March in Nicosia aims to explore the region’s potential natural gas resources and the path to production.

The conference organized by Gulf Publishing Company is sponsored by Deloitte and Cyprus Hydrocarbons Company and supported by Tiger Offshore, Petroleum Economist, World Oil, and Gas Processing.

According to a press release EMGC is the premier event for those interested in the opportunities the region presents. The conference brings together top executives, government officials, and regional experts involved in determining the natural gas policies of the Eastern Mediterranean for an in-depth discussion on the region’s latest developments, challenges and opportunities.

"This year’s event will focus on strategies to increase foreign investment and boost investor confidence, as well as how to enhance regional ties and cooperation to accelerate efforts to establish natural gas development in the region,” said John Royall, President and CEO of Gulf Publishing Company.

EMGC provides a special focus on the latest geopolitical, market and technology trends related to the exploration, drilling, production, processing and marketing of natural gas in the Eastern Mediterranean.

Attendees will hear from eni SpA regarding their plans to develop the blocks they were recently awarded during Cyprus` 3rd Licensing Round. Plus, Delek Drilling/Avner will discuss their ongoing plans in both the Tamar and Leviathan.

EMGC 2017 features keynote speakers are Luca Bertelli, Chief Exploration Officer, eni SpA and Dr. A.J. (Guus) Berkhout, Founder-Director of the Centre for Global Socio-Economic Change. Additional participants include among others Cypriot Minister of Energy Yiorgos Lakkotrypis, Yaniv Friedman, Deputy Chief Executive Officer of Delek Drilling/Avner and Shaul Meridor, General Manager of the Ministry of Infrastructures, Energy and Water Resources of Israel.

According to the press release investment and activity in the region has shown a resurgence following Eni’s discovery of Zohr in 2015. Cyprus recently announced the results of its 3rd Licensing Round with blocks awarded to energy majors Eni, Eni/Total, and ExxonMobil/Qatar Petroleum. Israel has announced that it plans to launch its first auction round for energy development rights to five offshore blocks for natural gas development. With natural gas demand in the region exceeding supply, development of the region’s gas discoveries is crucial.

Eni has fast-tracked the development of Zohr, and elsewhere in the region Noble and Delek are in the process of raising funds to develop the Leviathan and Greece’s Energean Oil & Gas is searching for a financial partner in its plans to develop the Tanin and Karish fields off the coast of Israel.