Turkey’s evolving energy policy - IN CYPRUS / CYPRUS WEEKLY

December 11, 2016
Charles Ellinas

Since the rift with Russia last year and the subsequent rapprochement between Turkey, Russia and Israel, Turkey’s energy policy has been evolving in response to the shifting regional geopolitics, but also its own changing energy priorities and needs.

In this article, I review the latest developments in Turkey’s energy policy and markets and how these affect the region and Cyprus.

Egypt’s Natural Gas Crisis | Carnegie Endowment for International Peace

BY BRENDAN MEIGHAN 

Egypt’s temporary relief from its ongoing gas crisis is the result of a lull in demand, not an improvement in industry outlook. Thursday, January 21, 2016

One of the most pressing crises facing the Egyptian economy has been the severe shortage of natural gas. The crisis itself—which involves supply cuts to factories and frequent electrical outages—has received copious coverage in the domestic and international press and has tested the patience of the Egyptian people and the business community. However, during the first week of November, officials at the Egyptian Natural Gas Holding Company (EGAS) announced that Egyptian heavy industry was now being supplied with all of its needed natural gas and other fuels. Officials from a number of companies and trade organizations confirmed this on December 2. There has also been an absence of reports of power cuts in major residential areas. Unfortunately for Egypt, this may simply be the result of a lull in demand due to moderate weather and slower production from heavy industry, not a permanent end to the shortages.

Five year plan for Egypt’s oil sector revealed | Energy Egypt - Daily News Egypt

JANUARY 17, 2016 / ENERGY EGYPT

During the previous fiscal year (FY) 2014/2015, the oil and gas demand increased by 0.5m tonnes to a total of 73m tonnes. The share of demanded oil was 38m tonnes, of which 36% was fuel oil, 36% was gas oil, 16% gasoline, and 11% LPG.

The Egyptian government has been taking several steps to manage the fuel shortage and ameliorate the investment environment for international foreign partners. In previous announcements, Minister of Petroleum Tarek El-Molla said the ministry is aiming to secure the local demand with reasonable prices. He introduced several measures through which the government can follow through on its goals. Daily News Egypt exclusively illustrates the Petroleum Ministry’s plan for energy security and financial sustainability and reviews the ministry’s prediction for the demand of oil and gas for the next five years.