ExxonMobil: Pipeline, Ship or Both for Exporting Cyprus Gas - U.S. NEWS & WORLD REPORT / ASSOCIATED PRESS

Feb. 1, 2022, at 4:42 a.m.
By MENELAOS HADJICOSTIS, Associated Press

NICOSIA, Cyprus (AP) — Natural gas will remain an important energy source through 2050 and quantities of the hydrocarbon found off the east Mediterranean island nation of Cyprus could reach markets through a pipeline or by liquefying it for transport by ship, the head of ExxonMobil's Cyprus arm said Tuesday.

ExxonMobil Cyprus lead country manager Varnavas Theodossiou said “all energy sources remain important” for the next three decades “across a range” of scenarios set out under the Paris Agreement on climate change as the globe shifts to cleaner fuels toward achieving a zero-emissions goal.

He told The Associated Press by email that a combination of a pipeline or ship-transported, liquefied gas is also a possibility in getting the hydrocarbon to market.

ExxonMobil, Qatar Energy sign Cyprus exploration block - FINANCIAL MIRROR

10 December 2021

US giant ExxonMobil and Qatar Energy Friday signed an exploration and production-sharing contract for oil and gas in Cyprus’ Exclusive Economic Zone (EEZ) despite Turkey’s opposition to the deal.

The contract was signed by Cypriot Energy Minister Natasa Pilides and Varnavas Theodosiou, CEO of ExxonMobil Cyprus and Ali al Mana, Director of Qatar Energy’s International Upstream and Exploration.

It is the second Cyprus exploration contract the consortium has signed and the tenth licenced block of 13 in the Cypriot EEZ.

East Med Gas Forum ‘evolving into international organisation’ - CYPRUS MAIL

APRIL 18 2019 

ELIAS HAZOU

The East Med Gas Forum (EMGF) will be meeting again in June with the purpose of evolving into an international organisation, energy minister Giorgos Lakkotrypis said Thursday.

Speaking at the 9th Nicosia Economic Congress, Lakkotryrpis said that he hoped the forum – consisting of Egypt, Cyprus, Greece, Italy, Israel, Jordan, and the Palestinian Territories – will take the form of an international organisation.

The forum is necessary in order for eastern Mediterranean gas to be competitive, while member states are discussing issues such as the preferred infrastructure for the optimal exploitation of hydrocarbons wealth.

The region faces many “challenges,” Lakkotrypis said, which is one of the reasons why the United States and the EU support are supporting the EMGF as observers.