Showing posts with label The National Herald. Show all posts
Showing posts with label The National Herald. Show all posts

Friday, February 21, 2020

French, Italian Companies Will Drill for Energy off Cyprus - THE NATIONAL HERALD

February 21, 2020

NICOSIA – Ignoring threats from Turkey, a French-Italian consortium of oil companies Total and ENI said they will begin drilling off Cyprus despite between oil giants Total and ENI will start drilling in Block 6 of Cyprus’ despite an “escalation” in tension, Energy Minister Giorgos Lakkotrypis said.

That would be done in Block 6 of Cyprus’ Exclusive Economic Zone (EEZ,) parts of which Turkey doesn’t recognize and as it has sent in two ships to also hunt for energy despite denunciation from the legitimate government, a member of the European Union that Turkey has been trying to join for 15 years.

The French and Italian companies said they would start in April although Turkish President Recep Tayyip Erdogan said Turkish warships near the EEZ could use the threat of military force to stop them, as they did earlier when an ENI ship steered away.

Saturday, December 21, 2019

Sen. Menendez Says East Med Act Ties U.S., Greece, Cyprus Closer - THE NATIONAL HERALD

December 21, 2019

WASHINGTON – With Turkey claiming seas around Cyprus and Greek islands, U.S. Sen. Robert Menendez, a New Jersey Democrat, lauded Congress’ approval of the Eastern Mediterranean Security and Energy Partnership Act he said has brought “a new day in Greek-American relations.”

He was a co-author of the measure and an ally of Greece and Cyprus during increasingly tense relations with Turkey, which is drilling for oil and gas off the island and wants to do the same off Greek islands.

Speaking to Greece’s state-run Athens-Macedonia News Agency (ANA-MPA) he said that, “I felt that we were in a moment in which the stars were aligned. I think there is a growing recognition of the importance of Greece and Cyprus along with Israel as a new strategy for the Eastern Mediterranean.

Thursday, November 14, 2019

Pyatt at Thessaloniki Summit: “Energy Collaboration the Brightest Aspect of Greece-U.S. Relations” - THE NATIONAL HERALD

November 14, 2019

THESSALONIKI- US Ambassador to Greece Geoffrey Pyatt spoke of ”the collaboration on energy is one of the brightest aspects of the relationship between Greece and the US,” while addressing the Thessaloniki Summit 2019 on Thursday, which he is attending for a third time.

Pyatt underlined that US presence in northern Greece is much more apparent compared to previous years, as “we have made the city of Alexandroupolis our strategic focus,” and he referred to the Trans Adriatic Pipeline (TAP), the Gas Interconnector Greece-Bulgaria (IGB) and the Floating Storage Regasification Unit (FSRU) of Liquefied Natural Gas (LNG) as the three elements that make the northern Greek city so significant.

He especially praised TAP’s potential for “changing Europe’s energy map and bringing non-Russian gas to European customers.”

Thursday, August 1, 2019

Egypt Says Offshore Gas Discoveries Bolster Ties with Cyprus - THE NATIONAL HERALD / ASSOCIATED PRESS

Sameh Shoukry (L) and Nikos Christodoulides meet in Nicosia on July 31
August 1, 2019

NICOSIA (AP) — Egypt’s foreign minister says hydrocarbon finds in the eastern Mediterranean have bolstered an already “strong partnership” with neighboring Cyprus.

Minister Sameh Shoukry said after talks Wednesday with Cypriot counterpart Nikos Christodoulides that Egypt looks forward to working with Cyprus in fully utilizing energy reserves.

Egypt’s top diplomat said he’s hopeful the establishment of the Eastern Mediterranean Gas Forum will help open new avenues of cooperation and policy coordination between the two countries.

Shoukry said a trilateral partnership between Egypt, Cyprus and Greece serves as an “important catalyst” for regional prosperity and stability. He said Egypt will host the seventh summit of the three nations’ leaders later this year.

Christodoulides said European Union member Cyprus would continue to advocate for stronger EU-Egypt ties in order to more effectively address regional challenges.

Monday, February 11, 2019

Cyprus-Egypt Aphrodite Gas Field Lures Investors - THE NATIONAL HERALD

Cypriot Parliamentary Speaker Demetris Syllouris, center, with
counterparts Ali Abdel-Aal of Egypt, right, and Nikos Voutsis of Greece,
left, talk during a press conference i the parliament house in capital
Nicosia, Cyprus, Monday, Feb. 11, 2019. (AP Photo/Petros Karadjias)
February 11, 2019

NICOSIA – A deal between Egypt and Cyprus to develop the Aphrodite gas field off the island’s coast is drawing keen interest from international oil companies, Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla said.

In an interview with the Cyprus News Agency, he said the gas pipeline between the countries will see a commercial agreement coming that would be lucrative for the countries as part of the East Mediterranean Gas Forum.

He said there are political benefits with money being an equalizer and that with so many countries linked to the field’s findings that the multi-national aspects could show the world that the often volatile region is “the most ready option with the least risk” for gas supply of Europe.

As for the option of East Med pipeline between Cyprus, Greece, Israel and Italy, he said that the feasibility study for the project would take up to two years, “which in itself is a luxury the region can’t afford any more,” saying the Egyptian model is better.