Showing posts with label
United States Department of State.
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Showing posts with label
United States Department of State.
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08.03.2018 : 09:27
The United States recognizes the right of Cyprus to develop the resources in its Exclusive Economic Zone, and discourages any actions or statements that provoke a rise in tensions in the region, a State Department official has said.
In a statement late on Wednesday, the official said that Washington's policy on Cyprus’ EEZ was longstanding and has not changed, noting that the US "recognizes the right of the Republic of Cyprus to develop its resources in its Exclusive Economic Zone."
“We continue to believe the island’s oil and gas resources, like all of its resources, should be equitably shared between both communities in the context of an overall settlement," the official said.
"We discourage any actions or rhetoric that increase tensions in the region."
The official did not comment directly on threats from Ankara regarding the arrival in the region of a research vessel belonging to US company ExxonMobil.
In recent weeks Turkish warships have twice blocked a vessel bound for drilling in Cyprus’ EEZ block 3 on behalf of Italian company ENI.
September 18th, 2014
Noble Energy, Inc. announced on 3 September the execution of a non-binding Letter of Intent(LOI) to supply natural gas from the Leviathan field, offshore Israel, to the National Electric Power Company Ltd. (NEPCO) of Jordan. Under terms of the LOI, Noble Energy and the Leviathan partners will supply a base gross quantity of 1.6 trillion cubic feet (Tcf) of natural gas from the Leviathan field over a 15-year term. Sales volumes under the agreement are anticipated to begin at a rate of 300 million cubic feet per day. Delivery will occur via pipeline. The price for the natural gas is still to be determined and will be linked to Brent oil prices. The deal, expected to be signed in 2014, still needs regulatory approval from both Jordan and Israel.Noble Energy operates the Leviathan field with a 39.66 percent working interest. Delek Drilling, Avner Oil Exploration and Ratio Oil Exploration (1992) Limited Partnership hold respectively 39.66, 22.67 and 15 percent interest.
