Gas Interconnector Greece-Bulgaria (IGB) is a trans-boundary pipeline project involving the construction of a 182km-long natural gas pipeline between Greece and Bulgaria.
Saturday, April 8, 2017
Gas Interconnector Greece-Bulgaria (IGB) Pipeline, Bulgaria - HYDROCARBONS TECHNOLOGY
April 2017
Gas Interconnector Greece-Bulgaria (IGB) is a trans-boundary pipeline project involving the construction of a 182km-long natural gas pipeline between Greece and Bulgaria.
Gas Interconnector Greece-Bulgaria (IGB) is a trans-boundary pipeline project involving the construction of a 182km-long natural gas pipeline between Greece and Bulgaria.
Friday, April 7, 2017
The Ministry of Foreign Affairs on the Press Release No:105 issued by the Turkish Ministry of Foreign Affairs - REPUBLIC OF CYPRUS
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| President Anastasiades (L), EU Commission President Juncker |
With reference to the press release, No: 105, issued by the Turkish Ministry of Foreign Affairs on 6 April 2017, the Ministry of Foreign Affairs of the Republic of Cyprus would like, once again, to reaffirm the determination of the Government of the Republic to continue its policy in the field of hydrocarbons thus fully exercising its sovereignty and sovereign rights in total respect of international and European law.
ANALYSIS: Italian gas supply sources shift in Q2, Russia now dominates - PLATTS
Since the start of the second quarter, gas flow dynamics around Europe have shifted -- both by route, source and destination -- pointing to continued supply flexibility in the European gas market.
Italy is often a good gauge of whether supply contracts are competitive versus each other and versus the northwest European hubs at any particular time, with Russian gas seemingly the most attractive since the start of Q2.
Italian buyers have import contracts with Russia's Gazprom and Algeria's Sonatrach, but can also import gas from the northwest European hubs, giving them options when long-term contract prices diverge from hub prices.
Thursday, April 6, 2017
Exploratory drilling in Cyprus' EEZ to take place in July - SIGMA LIVE
Exploratory drilling is set to take place in block 11 of Cyprus’ Exclusive Economic Zone (EEZ) in the first two weeks of July, a top Total official said, on Thursday.
Eleanor Rowley, Total’s VP of Exploration, MENA region, was addressing a ceremony, at the Presidential Palace, during which the contracts for exploration and production sharing for blocks 6 and 8 within Cyprus’ EEZ were signed.
“I’m happy to say that this will be the first test of the Zohr play in Cypriot waters. So we are very excited to operate this well along with our partners ENI,” she said.
SCPX pipeline network on track for completion next year - UPSTREAM ONLINE
Kama Mustafayeva
The Azeri and Georgian pipeline network that will feed Shah Deniz gas to the Trans Anatolian Pipeline (Tanap) is likely to be completed next summer, writes Kama Mustafayeva.
The pipeline, known as SCPX, will be ready to receive production from Shah Deniz 2 in late June next year, according to Tanap managing director Saltuk Duzyol. "We plan to make our first gas delivery at the end of June 2018 if everything goes according to schedule. We are keeping costs relatively low," Duzyol said.
About 77% of the so-called "phase zero" of Tanap , which runs from the Turkish-Georgian border to Eskisehir has already been completed.
Greece to carve out slice of energy pie - KATHIMERINI
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| Energy heads (L to R) of Cyprus, Italy, Israel, Greece & the EU |
Vassilis Nedos
The deal signed on Monday between Greece, Israel, Cyprus and Italy in Tel Aviv for the creation of the Eastern Mediterranean (EastMed) gas pipeline, is, according to sources, a reaction to the competing Nord Stream II pipeline connecting Germany and Russia.
EU Energy Commissioner Miguel Arias Canete, who was present at the signing, denigrated Nord Stream II, saying it “adds nothing to the [EU’s] security of supply.”
Extension of two charter contracts - DEEP SEA SUPPLY PLC
Deep Sea Supply is pleased to announce an extension of two time charter contracts with BP Egypt. The PSVs Sea Spear and Sea Spark have been awarded a 1 year extension of their charter contracts with start from end of current firm period, in July 2017.
Both vessels started operations for BP Egypt in Egypt in July 2016 on one year firm and one year option contract. Following this extension both vessels are now firm until July 2018.
Egypt pledges to supply gas to Jordan - GLOBES
Nati Yefet
Egypt's promises will pile pressure on the Jordanians not to sign a binding gas agreement with the Leviathan partners.
Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla this week repeated his prediction that Egypt would stop importing natural gas in 2018, and would instead supply all of its own needs. Jordanian news agency Petra reported that that at the international energy conference that took place in Oman on Sunday and Monday, El-Molla repeated his promise that Egypt would export gas to Jordan when its own supply is assured, i.e. in 2018 or 2019.
Egyptian oil and energy sector to reestablish work in Libya - LIBYAN EXPRESS
The Egyptian General Petroleum Corporation (EGPC) and energy sector construction company Petrojet plan to reestablish their presence in Libya, a Libyan official said yesterday, after a meeting with company representatives that also included the chair of Libya’s National Oil Corporation, Mustafa Sanallah.
NOC and EGPC also agreed to form a partnership to study possible oil and gas projects, although no further details were provided, OilPRice reported.
A meeting took place between the Egyptian officials and the Libyan ones headed by the Deputy Head of the Presidential Council, Ahmed Mitig.
Eni discovers gas, condensate offshore Libya - WORLD OIL
SAN DONATO MILANESE, Milan -- Eni has made a new discovery of gas and condensates offshore Libya in the ‘Gamma Prospect‘, in the Contract Area D, 140 km offshore from Tripoli, in Libya. The discovery, made through the well B1 16/3, is located 15 km south west of the Bouri field and 5 km north of the Bahr Essalam field. The drilling of the Gamma prospect is part of the “near-field” exploration strategy of Eni, targeting opportunities, that in case of success can exploit synergies with existing infrastructures reducing the time to market and providing additional gas to the local market and export.
The well, drilled in 150 m of water depth, reached a total depth of 2,981 m and encountered gas and condensates in the Metlaoui Group of Eocene age. The well has the capacity to deliver, in production configuration, in ecxess of 7,000 boepd and represents a further discovery made by Eni in Libyan offshore Area D, following the discoveries made in 2015.
Wednesday, April 5, 2017
Cyprus and France update their Defence Cooperation Agreement - FAMAGUSTA GAZETTE / CNA
Cyprus and France updated their Defence Cooperation Agreement, during an official visit to Paris of the Cyprus Defence Minister Christoforos Fokaides.
According to an announcement by the Press and Information Office (PIO), the Cypriot Minister and his counterpart Jean - Yves Le Drian signed on Tuesday the updated version of the Defence Cooperation Agreement.
The Agreement updates and enhances the existing cooperation, while it extends it in new areas in light of new security challenges and the new geopolitical environment.
The Defence Cooperation Agreement covers new areas of cooperation such as energy and maritime security, terrorism and crisis management.
Cyprus begins signing EEZ energy contracts - IN CYPRUS / CYPRUS WEEKLY
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| Saad Sherida Al-Kaabi (L), Andrew Swiger (C), Yiorgos Lakkotrypis (R) |
Cypriot concessions covering exploration rights within the island’s Exclusive Economic Zone (EEZ) have been ratified with the signing of the first contracts with an energy firm consortium on Wednesday.
The signings will continue on Thursday too.
Last month, the cabinet approved contracts with France’s Total, Italy’s Eni, Exxon Mobil and Qatar Petroleum to explore for oil and gas in offshore areas south of the island. The consortium will officially sign the contracts with the Cypriot government for exploration rights for three offshore blocks off the south and south-western coast.
Welcoming the Senior Vice President of ExxonMobil Corporation, Andrew Swiger, the President and CEO of Qatar Petroleum, Saad Sherida Al-Kaabi, and their associates, Energy Minister Giorgos Lakkotrypis said that Wednesday’s signing ceremony concluded the 3rd licensing round.
Tuesday, April 4, 2017
Israel natural gas wealth fund expected to begin around 2020 - REUTERS
Israel's planned sovereign wealth fund, meant to safeguard billions of dollars in natural gas revenue, will begin operating around 2020, Bank of Israel Governor Karnit Flug said on Tuesday.
The central bank is overseeing establishment of the fund, which will be invested abroad to avoid a major influx of foreign currencies that could strengthen the shekel and undermine export industries.
Only income from the fund will be used domestically, for things like national projects and emergencies.
Oil prices fall as Libya's output rebound boosts supply - EGYPT INDEPENDENT / REUTERS
Oil prices fell on Tuesday as a rebound in Libyan crude production combined with an increase in US drilling to signal the potential for increased supply.
Benchmark Brent crude oil LCOc1 was down 20 cents at US$52.92 a barrel by 0735 GMT. US light crude oil CLc1 was 20 cents lower at US$50.04 a barrel.
Both benchmarks recovered from four-month lows last week on expectations that the Organization of the Petroleum Exporting Countries would manage to tighten supply by cutting production under a deal agreed at the end of last year.
Constantinos Papalucas on EastMed Pipeline declaration in Tel Aviv. Why Italy wants in - ANT1 TV
Apr 4, 2017
In this 9 minute interview on ANTENNA's (ANT1, Cyprus) daily show with Nikitas Kyriakou (04/APRIL/2017) Constantinos Papalucas discusses the Israel/ Cyprus/ Greece/ Italy (plus EU) quadrilateral meeting on the East Med Pipeline, Italy's interest in the project and other eastern Mediterranean energy developments following the completion of Cyprus' 3rd licensing round which has seen oil majors either gain a foothold in Cypriot EEZ (ExxonMobil and Qatar Petroleum) or extend their presence (ENI and Total). The interview is in Greek with English Subtitles.
Constantinos Papalucas is a former Associate with the Environment and Natural Resources Program (ENRP) at Harvard University’s Belfer Center for Science and International Affairs where he focused on the issues surrounding the gas finds and the emerging energy hubs in the Eastern Mediterranean.
In this 9 minute interview on ANTENNA's (ANT1, Cyprus) daily show with Nikitas Kyriakou (04/APRIL/2017) Constantinos Papalucas discusses the Israel/ Cyprus/ Greece/ Italy (plus EU) quadrilateral meeting on the East Med Pipeline, Italy's interest in the project and other eastern Mediterranean energy developments following the completion of Cyprus' 3rd licensing round which has seen oil majors either gain a foothold in Cypriot EEZ (ExxonMobil and Qatar Petroleum) or extend their presence (ENI and Total). The interview is in Greek with English Subtitles.
Constantinos Papalucas is a former Associate with the Environment and Natural Resources Program (ENRP) at Harvard University’s Belfer Center for Science and International Affairs where he focused on the issues surrounding the gas finds and the emerging energy hubs in the Eastern Mediterranean.
Monday, April 3, 2017
Ambitious East Med pipeline plans unveiled in Tel Aviv - IN CYPRUS / CYPRUS WEEKLY
Cyprus, Greece, Israel and Italy on Monday presented their plan for construction of a 1,300-kilometer undersea gas pipeline, the longest in the world.
The energy ministries of Israel, Cyprus, Greece, and Italy have over the past six months been conducting frequent talks with the European Commission DG Energy about exporting gas from Israel to Europe.
Israel, meanwhile, is also understood to still be considering a 500km pipeline agreement with Turkey which will involve passing through Cyprus’ Exclusive Economic Zone (EEZ).
Rosneft takes key step in push into Middle East - FINANCIAL TIMES
APRIL 3, 2017
Henry Foy in Moscow and David Sheppard in Lausanne; Add'l reporting by Anjli Raval
Henry Foy in Moscow and David Sheppard in Lausanne; Add'l reporting by Anjli Raval
Russian oil group to expand trading after trumpeting agreements in Egypt and Libya
Russia’s Rosneft will this week take custody of its first independently sourced cargo of Kurdish crude oil from Turkey’s port of Ceyhan, a key step in its strategic push into Middle East energy markets and its attempts to expand trading.
The world’s largest listed oil company by output has spent the past four months trumpeting agreements to buy oil from Egypt, Libya and Iraqi Kurdistan, drilling exploration wells in southern Iraq and considering opportunities in Lebanon, as it chases deals to fuel its fledgling international expansion.
The world’s largest listed oil company by output has spent the past four months trumpeting agreements to buy oil from Egypt, Libya and Iraqi Kurdistan, drilling exploration wells in southern Iraq and considering opportunities in Lebanon, as it chases deals to fuel its fledgling international expansion.
World's longest underwater gas pipeline from Israel to Europe set to run by 2025 - JERUSALEM POST
Sharon Udasin
The proposed 2,000 kilometer (subsea pipeline would connect gas fields offshore Israel and Cyprus with Greece and possibly Italy.
Aiming to transform the Eastern Mediterranean into a regional energy hub, Israeli and European officials signed a joint declaration on Monday to promote the construction of the world’s longest subsea gas pipeline.
"This is the beginning of our wonderful friendship between four Mediterranean countries – Israel, Cyprus, Greece and Italy,” National Infrastructure, Energy and Water Minister Yuval Steinitz said at a press conference in Tel Aviv that morning. "This is going to be the longest and deepest subsea gas pipeline in the world. It's a very ambitious project."
A two-minute video of the signing ceremony here.
Turkey’s floating LNG imports deliver cheaper gas and energy security - LNG WORLD SHIPPING
Turkey’s new floating storage and regasification unit (FSRU) will alleviate strain on seasonal imports and enables the country to diversify its sources of supply, writes Anders Norlen
Turkey’s gas consumption is rising fast and sharp seasonal demand swings and limited storage mean supply is tight over winter. Deploying FSRUs offers a solution to Turkey’s problems.
The Turkish gas market has grown over the last 10 years from 27bcm in 2005 to 48bcm in 2016. About 70 per cent of this demand growth has come from increased gas use in power and industry, reflecting the last decade’s robust economic growth and a 30 per cent hike in winter heating demand in the residential and commercial sector.
Sunday, April 2, 2017
Gov't signs 7 energy deals - PETRA JORDAN NEWS AGENCY
The deals included a memo to import and export natural gas and liquefied gas, which was inked by Minister of Energy and Mineral Resources, Ibrahim Seif, and his Egyptian counterpart, Tariq Al-Mulla.
Another deal with the Jordanian-Egyptian Fajr for Natural Gas Transmission and Supply company was signed to frame ties between the two sides in the field of natural gas sale. It was sealed by Director General of the National Electric Power Company (NEPCO), Abdel Fattah Daradkeh, and Chairman of the Jordanian-Egyptian Fajr Company, Fouad Rashad.
Further, General Manager of the Manaseer company for iron and steel, Mohamamd Kharabsheh, signed an agreement with Fajr company chairman, Fouad Rashad, to set up a point to supply gas.
EU delegation visits Israel for gas pipeline talks - GLOBES
Nati Yefet
With Cyprus and Greece, Israel will present a plan for construction of a 1,300-kilometer undersea gas pipeline, the longest in the world.
The diversification of Europe's sources of natural gas is an important opportunity for taking advantage of the gas discoveries in Israel. The energy ministries of Israel, Cyprus, Greece, and Italy have been conducting frequent talks with the European Commission DG Energy about exporting gas from Israel to Europe for the past six months. European Commissioner for Climate Action and Energy Miguel Arias Cañete is visiting Israel today in order to attend an event tomorrow in Tel Aviv with Minister of National Infrastructure, Energy, and Water Resources Yuval Steinitz, Italian Minister of Economic Development Carlo Calenda, Greek Energy and Environment Minister Giorgos Stathakis, and Cypriot Minister of Commerce, Industry and Tourism Yiorgos Lakkotrypis. The background to the meeting is a report that the European Commission has withdrawn its opposition to building two additional gas pipelines for transporting gas from Russia to Europe.
Visit by US energy official a sign of Washington’s support, spokesman says - CYPRUS MAIL
The visit to Cyprus this coming week by a senior US energy official is an important development and a signal from the US government of its support for the island’s hydrocarbons development, Government Spokesman Nicos Christodoulides said on Sunday.
US Deputy Assistant Secretary for Energy Diplomacy, at the Department of State’s Bureau of Energy Resources, Robin Dunnigan is due on the island on Wednesday.
Dunnigan met Christodoulides in Washington last week with whom she discussed the prospects for energy cooperation between the two countries.
Appointments at Egyptian state petroleum companies - ENTERPRISE / AMAY
Mohamed Abdel Azim was named president of Khalda Petroleum Company and vice-president at state gas outfit EGAS, AMAY reports.
The appointment was made yesterday (April 1st) by Petroleum Minister Tarek El Molla, who also appointed Sayed Mowafi as a vice-president at Khalda and Alaa Abdel Fattah Al Battal as a vice-president at Agiba Petroleum Company.
Mahmoud Abdel Fattah was appointed head of Petroshahd, while Ashraf Yahia Al Ameer was appointed head of PetroSannan.
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