Latest news

Cyprus: New gas discovery offshore considered non-profitable

Eni and Total have found gas while drilling offshore Cyprus near the giant Zohr gas field discovery in Egypt waters, but the anticipated quantity of the recently discovered field is too small to develop on its own, as stated by Cypriot Energy Minister Yiorgos Lakkotrypis on Tuesday.

read more... 13/09/2017


Shell considers buying Israeli and Cyprus gas, Mediterranean region to become major gas hub

Royal Dutch Shell Plc is planning to introduce Israeli and Cyprus gas to the market, a move that could transform the Mediterranean area into a leading gas-producing region.

read more... 22/08/2017


Greece, Israel and Cyprus move forward with a natural gas pipeline from Israel to Europe

Greece, Israel and Cyprus declared on Thursday they would accelerate plans for the development of a pipeline conveying gas to Europe from recently discovered east Mediterranean reserves.

read more... 16/06/2017


Cyprus: Block 10 will be explored by Qatar Petroleum and ExxonMobil

The Cypriot Government signed an agreement with Qatar Petroleum and ExxonMobil eyeing the exploration of the hydrocarbon potential in Block 10 offshore the Mediterranean Island.

read more... 06/04/2017


World’s longest undersea gas pipeline project got the green light

The governments of Italy, Israel, Greece and Cyprus agreed to move ahead with the world’s longest undersea gas pipeline from the eastern Mediterranean to southern Europe, backed by the European Union.

read more... 05/04/2017