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East Mediterranean Breaking News:

Press Release – The Ministry of Agriculture, Rural Development and Environment confirm partnership with EMC – the Eastern Mediterranean Energy conference and exhibition.
The Ministry of Agriculture, Rural Development and Environment confirm partnership with EMC – the Eastern Mediterranean Energy conference and exhibition. Professor Costas Kadis, Minister of Agriculture, Rural Development and the Environment, will deliver the Opening Keynote Welcome Address at the Plenary Session on November 11 2021. Nicosia, Cyprus – June 28, 2021 – EMC, the Eastern Mediterranean Energy conference and exhibition taking place in Nicosia, Cyprus, from 10 to 12 November, 2021, has confirmed that Costas Kadis, Minister of Agriculture, Rural Development and the Environment, will deliver the Opening Keynote Welcome Address at the Plenary Session on the morning of November 11 2021. In addition, the Ministry has confirmed a partnership with IES Group for EMC 2021. Nick Ornstien, Event Group Managing Director of IES, said “We are honoured and delighted to welcome Professor Kadis to the speaking roster for EMC 2021. We are bringing together the leading minds from the Eastern Mediterranean energy industry to agree on the way that we can become more sustainable, cleaner, less polluting and more circular. These issues are clearly in tune with the urgent challenges facing agriculture, the environment and the rural communities. This partnership signals the mutual drive of the energy industry and rural development towards a more sustainable future. We are excited to see the new collaborations, ideas and innovations that will stem from our two industries coming together at EMC 2021 in November.” The partnership of the Ministry of Agriculture, Rural Development and Environment is in addition to EMC 2021 being under the Auspices of the Ministry of Energy, Commerce and Industry. Having two government departments onboard demonstrates the quality of this event and the immediate need our world has for critical action. About EMC EMC 2021 has support from the entire oil & gas and energy sectors and has given rise to many exploration activities in Cyprus and the Eastern Mediterranean region. The event has generated a great degree of industry interest, with the exhibition hosting 150 exhibiting companies, 3000+ visitors, 900+ delegates. The conference has six plenary sessions with 28 technical sessions and 20 workshops. It is the essential platform for domestic and international energy stakeholders and investors looking to meet, engage, share ideas and create new partnerships. The exhibition will welcome companies operating in the following sectors: OIL & GAS, MIDSTREAM & SHIPPING, RENEWABLES (HYDRO, SOLAR, WIND, GEOTHERMAL & BIOMASS) & POWER, NATURAL GAS, ENERGY TRANSITION (HYDROGEN, BIOFUELS & E-FUEL, CCUS). With the development and investment in cleaner energy in the Eastern Mediterranean, attending EMC provides the perfect platform to connect with the leading natural gas, renewables and hydrocarbon stakeholders in the region. Find out more about participating on www.emc-cyprus.com
Gas drilling to resume later this year says Pilides
US oil major Exxon Mobil will resume offshore drilling for natural gas later this year, Energy Minister Natasa Pilides revealed on Tuesday. She said the drilling would take place around November to December. Speaking to reporters after attending a session of the House energy and commerce committee, Pilides said Exxon will return to block 10 of Cyprus’ exclusive economic zone. The contract with the rig has already been signed, while the government is in the process of issuing the necessary permits – a routine procedure. Click here to continue reading the original article
MEPs urged to end gas-funding, fix cross-border projects rules
EU member states have decided to extend subsidies for some cross-border natural gas projects until the end of 2027 – a delay criticised by green groups as a major policy “loophole”, incompatible with the bloc’s climate targets. The so-called TEN-E regulation determines which cross-border energy infrastructure projects in the EU are eligible for public funds and fast-tracked permits, under the “Projects of Common Interest” (PCI). Last year, the European Commission proposed a revision of the TEN-E rules, excluding dedicated support for oil and gas infrastructure – in a bid to align a key piece of energy policy with the Green Deal. To continue reading 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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