Cyprus gas project going full steam ahead - KATHIMERINI

13.01.2022 • 23:06

Work on the ETYFA Flagship project, which will supply clean natural gas to Vassilikos Power Station in Cyprus, is continuing unabated despite the Covid-19 pandemic.

Two vital components that have to be installed on the liquefied natural gas (LNG) carrier ETYFA Prometheas are the regasification (Regas) module and the power module.

The Regas module is responsible for converting the liquefied natural gas to a gaseous form and deliver this to Vassilikos Power Station in order to power the combined cycle turbines which generate electricity for the Republic of Cyprus. The Regas module is being installed on the bow of the ship.

Eni secures five oil and gas exploration licences in Egypt - OFFSHORE TECHNOLOGY

January 11, 2022

The licences are located in the Western Desert, the Eastern Mediterranean Sea, and the Gulf of Suez.

Italian oil and gas company Eni has received five new exploration licences from the Egyptian government, including four as operator.

The licences, located offshore and onshore, were awarded as part of the Egypt International Bid Round for Petroleum Exploration and Exploitation, launched in 2021 by the Egyptian Ministry of Petroleum and Mineral Resources.

Covering a total acreage of approximately 8,410km², the licences include Block EGY-MED-E5 and Block EGY-MED-E6 in the Mediterranean Sea, Block EGY-GOS-13 in the Gulf of Suez, and Blocks Egy-WD- 7 and EGY-WD-9 in the Western Desert.

In a statement, Eni said: “The licences are placed within prolific basins with proved petroleum systems able to generate liquid and gaseous hydrocarbons, and can also rely on nearby existing producing and processing facilities and on a demanding market that will allow a quick valorisation of the potential exploration discoveries.”

The results are in line with the Italian firm’s strategy to continue to explore and produce gas in Egypt to sustain the domestic market.

U.S. voices misgivings on EastMed gas pipeline -Greek officials - FINANCIAL POST / REUTERS

Jan 11, 2022

ATHENS — The United States has expressed misgivings on a subsea pipeline designed to supply Europe with natural gas from the eastern Mediterranean, Greek government sources said, in an apparent U-turn over a project supported by the Trump administration.

Washington let its concerns be known recently, in a note sent to Greece, another source said.

Competing claims over gas reserves in the eastern Mediterranean are a point of tension between Turkey and ethnically-split Cyprus. Turkey opposes the pipeline project.

Greece, Cyprus and Israel have approved an agreement for the EastMed pipeline, which has been in planning for several years. The countries had aimed to reach a final investment decision this year and have the 6 billion euro scheme completed by 2025 to help Europe diversify its energy resources.