July 6, 2017 11:00am
Unstable relations between the eastern Mediterranean countries threaten to make long-term gas deals impossible – even if there is enough gas to make them worthwhile.
The gas industry in the eastern Mediterranean has seen a lot of change in the last two years. Chief among the shifts have been:
- Egypt, which has experienced a severe shortage of natural gas and has become an LNG importer, is returning to self-sufficiency in two or three years;
June 9, 2017
ExxonMobil’s vision for Cyprus is to see the country becoming a regional energy hub and the company hopes to find sufficient deposits of natural gas to see the island turn into an energy export nation, President of ExxonMobil Exploration Company Stephen Greenlee said on Thursday.
The ExxonMobil president said the company had been active since signing the contracts with Cyprus in April and has begun exploration.
Things seem to be going well, he said, adding that success will lead to great things.
