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Held under the Auspices of

H.E. the President of the Republic of Cyprus – Mr. Nicos Anastasiades
Join EMC 2021 In-Presence Exhibition & Conference

GRAB THE OPPORTUNITY TO LEARN MORE ABOUT CYPRUS ENERGY MARKET

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East Mediterranean Breaking News:

How geothermal energy could power the future
Miles below the Earth’s surface, there’s enough thermal energy to power all of humanity for the foreseeable future. It’s called geothermal energy, and it’s poised to play an increasingly large role as a source of always-available, renewable power. Today, there are a number of startups in the geothermal space, working to figure out how to access this heat in difficult-to-reach geographies, at a price point that makes sense. The drive is even getting the attention of oil and gas industry giants, interested in greening their portfolios, while sticking to their core competencies – extracting energy resources from deep within the Earth. To continue reading please click here
Israel-Cyprus gas talks disappoint Ishai partners
Last week talks began between the two groups holding the two parts of the Aphrodite offshore gas field. The largest part is in Cypriot economic waters and is owned by Delek Drilling LP (TASE: DEDR.L), Chevron and Shell. The smaller part, known as the Ishai gas field, is in Israeli economic waters and owned by four Israeli companies – Israel Opportunity, Nammax Oil & Gas, Petroleum Services Holdings (PSH), and Eden Energy. The fact that the same field stretches across the border of the economic waters of the two countries requires economic arrangements on the matter. To continue reading the original Globes article
Israeli firm to sell gas field stakes to UAE company: statement
erusalem: An Israeli firm is set to sell its stake in a vast offshore gas project to an Emirati company for $1.1 billion, the biggest commercial deal yet after the countries normalised ties. “Delek Drilling of Israel has announced the signing of a non-binding Memorandum of Understanding with Mubadala Petroleum of Abu Dhabi, UAE for the sale of Delek Drilling’s 22 percent non-operated stake in the Tamar gas field,” they said in a joint statement Monday. To continue reading the energy economic times article please click here

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Unlocking Cleaner Energy for the Region, for Europe & Beyond

A STRATEGIC NATURAL GAS & HYDROCARBON ENERGY PARTNER FOR THE EMEA REGION

The IEA – International Energy Agency has once again confirmed that natural gas demand will continue to increase on a global level by nearly 15% by 2030, replacing coal and oil and complementing renewables as the world transitions towards a more sustainable and cleaner energy mix.

Regional energy activities are gathering pace. In Cyprus the Aphrodite project is progressing towards exploitation with a pipeline export route to Egypt. Other discoveries will be undergoing appraisal with more exploration in the pipeline. Cyprus’ gas import FSRU project is well underway with commissioning and operations set to begin in 2022. Israel and Lebanon will be progressing with further licensing rounds for their offshore acreage. In Israel the Karish project is progressing toward first gas in 2022, with further projects such as Leviathan phase 2 being evaluated for sanction. Egypt continues to open up more acreage for licensing, and is bringing new gas projects on line. We have also witnessed the recent ramping up of exports from Egyptian LNG liquefaction facilities. In Greece new seismic surveys are imminent in its southern unexplored acreages. Also in Greece the new LNG import facility in Alexandroupolis is progressing which will add further critical energy infrastructure to the region.

Further regional initiatives such as the EU supported EuroAsia and EuroAfrica electrical interconnectors and the East Med Pipeline projects are also making significant advances towards implementation.

Cyprus is at the heart of these regional developments and is fast developing as a hub for support of regional projects.

THE KEY GLOBAL & REGIONAL ENERGY STAKEHOLDERS OPERATING IN THE EASTERN MEDITERRANEAN REGION:

CYPRUS LOOKS SET TO BECOME THE SUSTAINABLE ENERGY HUB AND GLOBAL PARTNER FOR THE EASTERN MEDITERRANEAN

With so many exciting new discoveries in the Eastern Mediterranean basin; the strategically located island of Cyprus is poised to become a sustainable gas, offshore and energy partner for its European partners. Coinciding with a number of extensive new offshore discoveries the conference has attracted a large number of technical and commercial papers from some of the leading players in the global energy industry.

In recent developments, the Cypriot Ministry of Energy, Commerce & Industry stated that it will continue to grant more concessions to energy companies to begin offshore drilling at a number of separate sites. Taking place over the next few years, natural gas will be prospected and assets developed in the waters off of the southern coast of Cyprus.

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