London (Platts)--7 Apr 2017 909 am EDT/1309 GMTStuart Elliott, edited by Alisdair Bowles Since the start of the second quarter, gas flow dynamics around Europe have shifted -- both by route, source and destination -- pointing to continued supply flexibility in the European gas market.
Italy is often a good gauge of whether supply contracts are competitive versus each other and versus the northwest European hubs at any particular time, with Russian gas seemingly the most attractive since the start of Q2.
Italian buyers have import contracts with Russia's Gazprom and Algeria's Sonatrach, but can also import gas from the northwest European hubs, giving them options when long-term contract prices diverge from hub prices.
Apr 4, 2017 In this 9 minute interview on ANTENNA's (ANT1, Cyprus) daily show with Nikitas Kyriakou (04/APRIL/2017) Constantinos Papalucas discusses the Israel/ Cyprus/ Greece/ Italy (plus EU) quadrilateral meeting on the East Med Pipeline, Italy's interest in the project and other eastern Mediterranean energy developments following the completion of Cyprus' 3rd licensing round which has seen oil majors either gain a foothold in Cypriot EEZ (ExxonMobil and Qatar Petroleum) or extend their presence (ENI and Total). The interview is in Greek with English Subtitles. Constantinos Papalucas is a former Associate with the Environment and Natural Resources Program (ENRP) at Harvard University’s Belfer Center for Science and International Affairs where he focused on the issues surrounding the gas finds and the emerging energy hubs in the Eastern Mediterranean.
Charles Ellinas — 24/01/2016 During his visit to Cyprus, Maros Sefcovic, EU Vice-President and Commissioner for Energy, stressed the importance of Cyprus to the EU’s energy union strategy and said that gas discoveries in Egypt, Israel and Cyprus are very promising.
The needs in the region are substantial but it seems that there will be a potential for export and possibly the development of a regional gas hub.
Gas trading hubs are well established throughout Western Europe but elsewhere the concept is often misunderstood, especially around the East Med.
