Israel to begin gas exports to Egypt within four months: Minister - AL ARABIYA / REUTERS

Wednesday, 24 July 2019, KSA 14:11 - GMT 11:11

Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday.

He also said that a deal to buy stakes in the East Mediterranean Gas Company’s pipeline between the two countries will be completed “within weeks” and that more connections could be built between them.

Steinitz also said that more economic pressure should be applied on Iran, and that it “must be stopped.”

Despite Turkish reservations, Qatar, ExxonMobil plan oil drilling off Cyprus - AL ARABIYA

Sunday, 18 February 2018 KSA 13:26 - GMT 10:26

Following Qatar’s signing of a deal with US petroleum company ExxonMobil in 2017 to explore oil and gas off the coast of Cyprus, a Turkish energy expert said that Turkish President Erdogan should warn Qatar of going ahead with the deal as Turkey is known for blocking oil exploration on their territory, according to Ahval News newspaper.

Turkish Coast Guard vessels had prevented the Italian energy company, Eni, from drilling near Cyprus, which caused tensions to rise between both countries.

The Turkish president had also issued a warning to energy companies, Greece and Cyprus from drilling on Turkish territory, the newspaper reported.

However, the Qatari company, Qatar Petroleum, will now go ahead with their plans of drilling operations along with ExxonMobil according to their deal which they announced in 2017.

Turkey had protested for sovereignty over the 10th parcel as an exclusive economic region, Pamir, who is a world energy politics professor at Bilkent University in Turkey, told the newspaper. Turkish vessels had collided with Greek vessels in that area.

“A potential conflict over the 10th block will further escalate the already shaky international relations between Turkey, and the US,” the newspaper reported Pamir as saying.

‘Supergiant’ gas field discovered off Egypt | Al Arabiya News

‘Supergiant’ gas field discovered off Egypt

Eni said the discovery - made in its Zohr prospect ‘in the deep waters of Egypt.’ (File: Reuters)

By the Associated Press | Rome
Sunday, 30 August 2015

The Italian energy company Eni SpA announced Sunday it has discovered a “supergiant” natural gas field off Egypt, describing it as the “largest-ever” found in the Mediterranean Sea.

The news came a day after Eni CEO Claudio Descalzi met in Cairo with Egyptian President Abdel-Fattah el-Sissi, the Egyptian leader’s office said.

Eni said the discovery - made in its Zohr prospect “in the deep waters of Egypt” - could hold a potential 30 trillion cubic feet of gas over an area of 100 square kilometers (38.6 square miles).

“Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world’s largest natural gas finds,” Eni said in a statement. “The discovery, after its full development, will be able to ensure satisfying Egypt’s natural gas demand for decades.”

Descalzi was quoted by Eni as saying that the discovery reconfirms that “Egypt still has great potential” energy-wise. He said “important synergies with the existing infrastructures can be exploited, allowing us a fast production startup.”

Eni has been in Egypt since 1954 through its subsidiary IEOC. It’s the main hydrocarbon producer in Egypt, with a daily equity production of 200,000 barrels of oil equivalent, the company said.

Last Update: Sunday, 30 August 2015 KSA 17:41 - GMT 14:41

Source: http://english.alarabiya.net/en/business/energy/2015/08/30/-Supergiant-gas-field-discovered-off-Egypt.html