Study points to significant gas field off Crete - KATHIMERINI

10 JAN 2020 : 12:50
CHRYSSA LIAGGOU

A large reserve of natural gas off the southern coast of the island of Crete bearing similar features to Egypt’s Zohr gas field and Israel’s Leviathan in the Eastern Mediterranean has been identified by Hellenic Hydrocarbon Resources Management (EDEY) after an analysis of seismic data from a sea area that also included the Ionian Sea.

In a statement, EDEY said that the company’s specialized scientists in the fields of geophysics and geology worked in environments that share common features with other gas fields in the Eastern Mediterranean, namely Zohr and Leviathan.

The area in question is adjacent to another area that has been conceded to the consortium of Hellenic Petroleum (HELPE), Total and ExxonMobil.

Israeli Gas Is Great – for Egypt and Jordan - HAARETZ

Jan 09, 2020 1:34 PM

Eran Azran

Leviathan gas reserve was billed a 'national project'. It's now online but 85% of the gas will go to Egypt, Jordan for a lower price than Israelis pay

The development of Israel’s massive Leviathan offshore gas reserve was presented to the public as a national project, but some 85% of the gas it contains is slated to be sold to Egypt and Jordan – for a lower price than the Israel Electric Corporation is currently paying.

The partners in Leviathan – Israel’s Delek Drilling and Ratio, and the U.S.-based Noble Energy, announced Monday that the extraction infrastructure was complete and that gas sales were set to begin.

The Leviathan reserve was discovered about a decade ago. Preparing the site for extraction cost some $3.6 billion and took nearly three years.

Participation of BULGARTRANSGAZ in the Alexandroupolis LNG project - GASTRADE

8 JANUARY 2020

The Council of Ministers of the Bulgarian Government approved the participation of BULGARTRANSGAZ EAD by a percentage of 20% in the share capital of GASTRADE S.A. The terms of the agreement were signed on 8th of January by the Founding Shareholder and Chairman of the Board of Directors of GASTRADE, Ms. Elmina Copelouzou and the Executive Director of BULGARTRANSGAZ, Mr. Vladimir Malinov, in the presence of the Minister of Energy of the Republic of Bulgaria, Ms. Temenuzhka Petkova.

GASTRADE is developing the LNG Terminal in Northern Greece off the shore of Alexandroupolis.

The Terminal comprises a floating LNG storage and regasification unit (FSRU) and a 28 km pipeline system. The LNG storage capacity of the FSRU will be up to 170,000 cubic metres and the maximum daily regasification capacity 22.7 million c.m. The FSRU will be moored 10 km offshore the city of Alexandroupolis and will be connected to the National Natural Gas Transmission System via a 28 km pipeline (24 km subsea pipeline and 4 km onshore pipeline).

The significance of Israel's natural-gas feat - ISRAEL HAYOM

JANUARY-07-2020 09:13

Alex Traiman

Exports will generate tens of billions of dollars in tax revenues for the government making it just one more successful venture led by the Jewish state’s longest-serving prime minister.
The start of natural-gas flow from the Leviathan rig is a momentous achievement for the State of Israel.

For the first time, a resource-poor country can become an energy superpower. The export of natural gas to immediate neighbors Jordan and Egypt – and later exported via Cyprus and Greece – strengthens Israel’s geopolitical status both in the Middle East as well as the West.

In addition to formal peace alliances and security cooperation, Jordan and Egypt are turning to Israel to provide for their energy needs. In the past, Egypt exported gas to Israel. Israel already supplies Jordan with water. The cooperation is likely to lead further towards normalized ties with other Sunni Gulf states.

Russia begins TurkStream gas flows to Greece - REUTERS

JANUARY 5, 2020 / 1:48 PM

SOFIA (Reuters) - Russia has started European gas deliveries through the new TurkStream pipeline to Turkey, Bulgaria’s Bulgartransgaz said on Sunday, as Moscow looks to reduce shipments via Ukraine.

Russia is building TurkStream and doubling the capacity of NordStream across the Baltic Sea to Germany as part of plans to bypass Ukraine in its gas deliveries to Europe.

“Russian gas deliveries not only for us but also for Greece and North Macedonia are being carried through the new entry point (at our Turkish border),” Bulgartransgaz CEO Vladimir Malinov told Bulgarian national radio BNR.

Russian gas producer Gazprom started shipping about 3 billion cubic meters (bcm) of gas to Bulgaria via TurkStream on January 1, replacing a route that formerly passed through Ukraine and Romania.