H.E. Natasa, Pilides, Minister of Energy
Commerce & Industry
Republic of Cyprus
H.E. Costas Kadis, Minister
Ministry of Agriculture, Rural Development and Environment of Cyprus
Republic of Cyprus
H.E. Eng. Tarek El Molla
Minister of Petroleum & Mineral Resources
Arab Republic of Egypt
H.E. Kostas Skrekas
Minister of the Environment and Energy
Hellenic Republic
H.E. Karine Elharrar
Minister of Energy
Republic of Israel
E. Zafer Milhem
Chairman of the Palestinian
Energy & Natural Resources Authority
H.E. Natasa Pilides
Minister of Energy, Commerce and Industry of Cyprus
Andreas Koutsoulides
Acting Commercial Director
CHC Cyprus Hydrocarbons Company
Nicodemos Nicodemou
Senior Project Engineer
CHC Cyprus Hydrocarbons Company
Nicolas Droushiotis
Senior Project Engineer
CHC Cyprus Hydrocarbons Company
H.E. Natasa Pilides
Minister of Energy, Commerce & Industry
Republic of Cyprus
H.E. Costas Kadis
Minister, Ministry of Agriculture, Rural Development and Environment
of Cyprus, Republic of Cyprus
H.E. Tareke El Molla
Minister of Petroleum and Natural Resources,
of the Arab Republic of Egypt
H.E. Kostas Skrekas
Minister of Environment and Energy
Hellenic Republic
H.E. Karine Elharrar
Minister of Energy
Republic of Israel
H.E. Zafer Milhem,
Chairmanof the Palestinian
Energy & Natural Resources Authority
PRESIDENT, CYPRUS HYDROCARBONS COMPANY
PROFESSOR & HEAD OF EMERGE CoE, CYPRUS UNIVERSITY OF TECHNOLOGY
CHAIRMAN, EMC ADVISORY BOARD
Demetris Fessas,
Acting General Manager
CHC Cyprus Hydrocarbons Company
Dr Constantine Michailides
Assistant Professor
EMERGE CoE, Cyprus University of Technology
Mark Hamilton
Principal Geoscientist
PGS
Dr Michalis Makrominas
Assistant Professor, Dept of Maritime Transport & Commerce (DMTC)
Frederick University
Dr Demetris Kletou, Lecturer
Director of Marine Environmental Research (MER) Labs Ltd
Study Environmental Expert
Dr Angelos Menelaou
Head of Dept of Maritime Transport & Commerce (DMTC)
Frederick University
Carol Bailey
Head of Research, Dept of Maritime Transport & Commerce (DMTC)
Frederick University
Professor Eleni Hadjiconstantinou,
FORS. Dean, School of Business & Law
Frederick University
Marinos Constantinou
Boston Consulting Group
Giuseppe Marino
President
Italy-Cyprus Chamber of Commerce
Jarno Dakhorst,
Consultant Energy & Biobased Economy, NEN
Amin Amin
Chief Operating Officer,
Belsim Engineering USA Inc
EMC 2021 CONFIRMED SPEAKERS
Peter Stevenson
Eastern Mediterranean Editor, MEES
Steve Hall
Chair, SUT International Committee
Ashutosh Shastri
Director, Enerstrat Consulting
Ryan Pereira
Global Director, GaffneyCline
George Campanellas
CEO, Cyprus Investment & Promotion Agency
Dem Demetriou
Director, Atherion
George Petrou
Cyprus Employers & Industrialists Federation (OEB)
Chairman of the Energy Committee of the OEB
Immediate Past President of the OEB
John Charalambides
EVP-MENA, Connector Subsea Solutions
Director
ITA Beirut for Cyprus, Lebanon and Syria
H.E. Costas Skrekas
Minister of the Environment and Energy
Hellenic Republic
H.E. Costas Kadis
Minister of Agriculture, Rural Development and Environment,
Republic of Cyprus
H.E. Natasa Pilides
Minister of Energy, Commerce & Industry
Republic of Cyprus
East Mediterranean Breaking News:
Post EMC 2021 Conference Report – Key Outcomes & Industry Trends
EMC 2021 Brings the Regional Energy Industry Together to Support a Clean Energy Transition Thanks from the Organising Committee for Attending EMC 2021 Firstly on behalf of the organising committee, it is a pleasure to thank you for attending the Eastern Mediterranean 2021 in Nicosia! With a total of 1400 participants, including nearly 100 speakers and 300 delegates, EMC 2021 was the first event of its scale to bring the industry of the Eastern Mediterranean to explore the commercial and technical development of the energy basin. A packed agenda and taking place over three days and with three consecutive streams, EMC 2021 brought together the leading stakeholders from Cyprus, Greece, Lebanon, Egypt, Israel, Italy as well as the wider region to debate and assess the outlook for both upstream project development and downstream consumer markets. With VIP’s and ministerial support from Cyprus, Israel, Jordan, Lebanon, Greece, Egypt as well as the wider industry, the inaugural EMC 2021 has helped to put the region to the fore of global energy developments and set Cyprus as a regional hub to support a clean energy transition. As one of the first events in the region of its kind, the content rich programme delivered over forty hours of continuous conference sessions and included: – 94 speakers – 88 sessions – 4 Ministerial keynotes – 15 plenary sessions – 6 panel debates – 49 technical sessions Despite Covid, EMC was a great success and we look forward to the next edition of EMC in 2023! On behalf of the committee, I would like to finally say that it was a pleasure to meet you in Nicosia last week and we look forward to tracking the inevitable success of the industry as it progresses. With Best Wishes, Nicholas Cobb Conference Manager – EMC 2021 Key Trends & Event Outcomes Held over three days and with nine streams, the conference comprised some forty plus hours of consecutive content covering everything from project development to regulation, health and safety, subsurface infrastructures as well as offshore supply chain considerations to the digitalisation of the sustainable energy sector in the Easter Mediterranean. This report will offer some of the key highlights and takeaways from the proceedings and provide a useful summary for your visit. With covid still limiting the full capacity of global events, attendees from Cyprus, the region and further afield made their way to Nicosia to address the key issues facing the industry. With delegations of representatives from the region, the event has played a major role in promoting Cyprus as an energy hub for the wider region and as such has acted as one of the first major energy industry gatherings for the sector since covid hit. There are a number of key takeaways to note, as outlined below: Strategic & Regional Key Takeaways There remains major political and industry will to drive forward projects, E&P and the development of processing infrastructure across the region – what industry is waiting for is the offshore drilling to commence, the rest is seemingly in place with strong international support Government across the region supports a clean energy transition To maintain domestic & region demand and export to European markets, regular discoveries are required to be made to support existing Zohr, Levant, Aphrodite and other recent discoveries There is key support for the outcomes of the COP26 agreement by governments of the region Agreement that the region can be a low risk partner for growing European markets, despite current difficulties with the EEZ Development of LNG infrastructure in Cyprus remains a key priority Limassol remains a key support base for the wider offshore developments CCS in Egypt is continuing to develop at pace CCS remains a strong local focus for the nations of the region There is great potential for offshore wind farms LNG is seen a sustainable and long term option for exporting gas produced in the region In terms of energy transition, all regional partners are keen to support this move by embracing a mixed renewable – natural gas mix of energy supply There is good day to day interaction between all major players in the area operating and looking to operate in the basin There remains strong local environmental awareness and initiatives – one such example is the Blue Limassol initiative LNG gloating storage and regasification units provide a ready solution to feed local markets and provide a base for excess natural gas Natural gas and power networks across the region are technically advanced, at scale and well regulated Operators are now actively encouraging and supporting a clean energy transition and championing a sustainable move to clean natural gas and renewables – as showcased by Total Energies LNG is seen as a clean maritime fuel in the region The Euroasia interconnector will provide a great platform for connecting the power networks of the region Key Technical Points to Note Technically speaking, the vast majority of subsurface infrastructures are feasible and are awaiting approval for drilling projects to start HSE remains a key consideration and Cyprus and its local partners have a well established HSE, spill contingency and Search and Rescue protocol Drilling at deep water depths in the region are feasible and preparations are ready, with knowledge gained from international frontier works Maximising oil recovery through the latest technology can help keep the frontier at optimal output Developing Early Gas Production Facilities (EPF) is a top priority for all partners in the region Transporting H2 and CO2 offshore is a current problem that can be overcome by technical partnerships There is sufficient construction and development material, expertise and knowledge to develop a local top-tier infrastructure – international expertise is required for subsurface development primarily AI and digitalisation is a top priority with AI-led machine learning a major focus for operators to boost efficiencies Holistic management of back office and tech infrastructure is the way operators are now moving Deepwater robotics will play a major role in future developments CNG is a useful
Can crude oil prices make it to the triple digits this year?
A combination of factors sent oil prices skyward over the weekend. It essentially boils down to the state of inventories, supplies being kept in check, and demand recovering from the summer’s Delta variant COVID-19 wave. Then you can factor in the global natural gas shortage. A big part of the support crude prices are getting comes from the gas crisis in the form of fuel-switching – or at least the idea of increased fuel switching. To continue reading click here
Greece pledges to link Egypt to European Union’s energy market
Greece pledged Tuesday to link Egypt to the European Union’s energy market with an undersea cable that would carry electricity across the Mediterranean. “[Egypt’s] link to Europe will be Greece,” Greek Prime Minister Kyriakos Mitsotakis said after talks in Athens with Egyptian President Abdel-Fattah el-Sissi. “We are seeking diversification of energy sources, and Egypt can also become a provider of electricity, which will be produced mainly by the sun.” To continue reading the yahoo article click here
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.
UNDER THE AUSPICES OF
NATIONAL HOST
OFFICIAL PARTNERS
SUPPORTING INDUSTRY ASSOCIATIONS
