Latest news
Egypt inks natural gas cooperation contract with Cyprus
Energy Minister George Lakkotrypis and the Egyptian Minister of Petroleum and Mineral Resources, Tarek el Mola, signed today a deal regarding the transfer of natural gas via pipeline from Cyprus Exclusive Economic Zone to Egypt through a direct undersea pipeline. This agreement is described as an essential as it is expected to place Cyprus in a competitive regional gas export infrastructure and help the island to cooperate with key players in the region such as Egypt.
read more... 31/08/2016
Cyprus expects third offshore gas licensing round to be struck early next year
The Cypriot government expects a third offshore natural gas licensing round in the eastern Mediterranean to be struck early in 2017, despite opposition from Turkey.
read more... 27/05/2016
Cyprus annuls LNG tender after two-year postponement
Cyprus' Natural Gas Public Company (DEFA) has annulled a tender for approximately 10 years supply of liquefied natural gas (LNG), after almost two years of postponements and extensions.
read more... 10/02/2016
Britain's BG Group pays for 35% stake in Cyprus gas field
Britain's BG Group has decided to pay U.S. firm Noble Energy $165 million for a 35 percent stake in a conglomerate with rights over a natural gas field in the eastern Mediterranean, as stated by Noble on Monday.
read more... 24/11/2015
Cyprus gas field expected to annually produce 8 bcm with pipeline to Egypt
The Aphrodite natural gas field off Cyprus is commercially feasible and plans require to yearly produce 8 billion cubic metres (bcm) and building of a pipeline to Egypt, as stated by the associates behind the project on Sunday.
read more... 08/06/2015