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CYPRUS – THE SUSTAINABLE ENERGY HUB

FOR EUROPE IN THE EASTERN MEDITERRANEAN

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Held under the Auspices of
H.E. the President of the Republic of Cyprus - Mr. Nicos Anastasiades

East Mediterranean Breaking News:

2011-2020: Egypt – An energy dream come true
Egypt is getting closer to becoming a regional energy hub, exporting its excess production of natural gas and facilitating exports from neighbouring countries. It has also embarked on several projects connecting the electricity grids of Arab, African, and European countries. The situation was completely different a few years ago, when millions of people were affected by recurring power cuts resulting from the national grid’s inability to meet rising demand due to a lack of maintenance and outdated power plants. The peak was in 2013, when maximum power-generation capacities reached about 30,000 Megawatts (MW), which was not enough to meet local demand. The problem was augmented by difficulties finding the needed fuel for power plants. The National Centre for Power Control reported in 2013 that the national grid was losing more than 4,000 MW of its capacity as a result of fuel shortages. To continue reading click here
UAE joins Egypt-led Eastern Med Gas Forum
Abu Dhabi Crown Prince Mohammed bin Zayed visited Cairo Dec. 17 for talks with Egyptian President Abdel-Fattah al-Sisi. A presidential statement said the United Arab Emirates (UAE) has joined the Eastern Mediterranean Gas Forum (EMGF) as an observer. “Sisi [underlined] the importance of the added value that the UAE will contribute to the forum’s activities to serve the strategic interests and enhance cooperation and partnership between the forum countries,” the statement said. The EMGF was established as an intergovernmental organization by Egypt, Israel, Greece, Cyprus, Italy, Jordan and Palestine. Founders say the forum aims to facilitate talks among Mediterranean countries about exporting natural gas, cooperating on various energy issues and advancing the construction of an undersea pipeline that would transfer gas to the south of Europe. France has applied to join the Cairo-based forum, while the United States and the European Union requested observer status. Read more: https://www.al-monitor.com/pulse/originals/2020/12/egypt-uae-join-east-med-gas-forum-turkey-israel.html#ixzz6iaMhpfO0
East Med Energy Outlook for 2021
As a tumultuous 2020 draws to a close, 2021 is coming to the East Med with a lot of expectations and hope. Key factors that will shape the new year in the region are the succession of Joe Biden to the US presidency, EU’s green policies, economic factors, rapprochements and dispute resolutions, global oil and gas sector recovery and its impact on the East Med. The Biden factor With Biden in place as the next US President, the chances for conflict resolutions around the East Med will get a much-needed boost. In addition, the renewed importance of NATO under the new administration, and concerns about Russian influence, will focus attention to finding ways to deal with Turkey – but with NATO in mind, the Americans are likely to act with caution. Nevertheless, Turkey should expect a tougher time with Biden than it had with Trump, especially with regards to civil liberties and human rights, as well as aggression towards its neighbors. Biden is committed to fully integrate climate change into American foreign and national security policies, with global implications. This will mean that oil and gas are not likely to be driving factors in shaping future US policy in the Middle East and East Med regions. The strategic importance of the Middle East to the US will diminish even further. The close relationship with Saudi Arabia and Israel will be placed on a different footing, with US interests taking priority – for example re-entering the Iran nuclear agreement and distancing from the Yemen imbroglio. Under Biden, the United States will pursue a more ’hands-on’ involvement in the region, supporting negotiations and solution of disputes through diplomacy. EU’s green policies EU’s green policies will advance more rapidly, impacting fossil fuels, including natural gas. New rules will be announced making future funding of such projects unlikely – including the EastMed gas pipeline. To continue reading click here

WATCH EMC WEBINAR SERIES 2020/DAY 1 - July 29, 2020

WATCH EMC WEBINAR SERIES 202/DAY 2 - Sept. 16, 2020

WATCH EMC WEBINAR SERIES 2020/DAY 3 - Oct. 14, 2020

WATCH EMC WEBINAR SERIES 2020/DAY 4 - Nov. 25, 2020

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THE SUSTAINABLE EASTERN MEDITERRANEAN ENERGY HUB

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

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.

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EMC is part of the OMC – MOC group of events which covers the Mediterannean Energy Sector.

EMC is set to become the 3rd meeting in the mediterranean area strategically located in Cyprus which has recently emerged as one of the most interesting areas in the world energy circuit.

EMC 2020 is the essential platform for domestic and international stakeholders that invest, meet , network, share ideas and create new partnerships.

THE NEW MEDITERRANEAN ALLIANCE

The Eastern Mediterranean Gas Forum was the meeting place for the energy ministries coming from Cyprus, Egypt, Greece, Israel, Italy, Jordan, and Palestine held in Cairo to shape new alliances given the major gas discoveries in the East Mediterranean area making Cyprus the key meeting place to host a world class Exhibition and Conference.

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

ONGOING PROJECTS IN CYPRUS OVER THE NEXT 2 YEARS

The Ministry of Energy, Commerce and Industry of Cyprus will give more concession to energy companies to start drilling in eight separate sites over the next two years searching for natural gas in waters off the east Mediterranean island’s southern coast.

The Mediterranean basin is proved to be a world-class energy source with huge hydrocarbon potential. The recent energy discoveries in Cyprus, Such as: the Calypso discovery in block 6, the Aphrodite discovery in block 12 and the new recent discovery by ExxonMobil in block 10 raise Cyprus as one of the world-class energy countries to invest.

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