Latest news
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
Russian to lend Egypt $25bn to construct Dabaa nuclear power plant
Russia agreed to lend Egyptian government $25bn to finance building and operation of a nuclear power plant in Dabaa on the Mediterranean coast in the northwest of Egypt.
read more... 20/05/2016
Egypt: Zohr gas field will produce 1 billion cubic feet per day by end-2017
Egypt has settled with Italy's Eni to start production of 1 billion cubic feet per day of gas at the Zohr gas field, the largest in the Mediterranean, by the end of 2017, according to the oil minister Tarek El Molla on Tuesday.
read more... 20/04/2016
Italy’s Eni to spend $4 bln on first phase of Zohr gas field in Egypt
Italian energy major Eni has invested $4 billion in the development of the first phase of Egypt's giant offshore Mediterranean gas field, Zohr, comprising the drilling of four wells, according to an Egyptian official.
read more... 16/02/2016
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