EMC 2020 | EASTERN MEDITERRANEAN OFFSHORE

CYPRUS - THE EASTERN MEDITERRANEAN HUB, A SOURCE OF ENERGY FOR EUROPE

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where Oil & Gas potential is!
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East Mediterranean Breaking News:

Cyprus signs contracts with Eni and Total on five EEZ blocks
The contracts were signed at the energy ministry by Energy Minister Giorgos Lakkotrypis in Nicosia with representatives of the two companies in the presences of the ambassadors of France and Italy. In July the cabinet announced that the Total-Eni consortium had been granted a licence for exploratory drillings in block 7. Total was also granted a licence for blocks 2, 3, 8 and 9 where ENI is already a licensee. For the block 7 licence, the two companies have a share of 50 per cent each. In addition, Total will receive from ENI a share of 20 per cent for blocks 2 and 9, and 30 per cent for block 3, and 40 per cent for block 8. With the new contracts, Eni remains the major stakeholder in 2, 3 and 9 with a 60 per cent stake in block 2, a 50 per cent stake in block 3 and a 60 per cent in block 9. Total now owns 20 per cent, 30 per cent and 20 per cent respectively in the same blocks, while Kogas continues to hold 20 per cent in each. At the time it approved the additional licences, the cabinet also granted 12-month extensions for blocks 2, 3, 9, 8 and 11. Read full article
LNG Import terminal to be constructed in Cyprus
We are pleased to see the successful outcome of the process,” Defa chairman Symeon Kassianides said. “Here at Defa we believe that the future of the country is aligned with natural gas and we expect it to play a major role in the economic development of the country in years to come. The establishment of the natural gas market will boost the development of the whole energy and industry sectors of the Republic.” Α multinational consortium of JV China Petroleum Pipeline Engineering Co Ltd, Aktor S.A. and Metron S.A., with Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship Management Limited ranked first in the evaluation for the construction of the infrastructure required for the introduction of natural gas in Cyprus, it was announced on Friday. It followed a lengthy and complex tender process overseen by the state natural gas company, Defa, in cooperation with external industry experts. The LNG Import terminal to be constructed includes a Floating Storage Regasification Unit (FSRU), a jetty for the mooring of the FSRU, jetty borne and onshore pipelines as well as additional facilities. Read full article
EAST MEDITERRANEAN STATES LOOK TO ACCELERATE REGIONAL GAS COOPERATION
Energy ministers from across the East Mediterranean met on July 25 to discuss how to accelerate the development of the region’s vast gas resources and to increase cooperation in a bid to pave the way for a “sustainable regional gas market.” Ministers from Cyprus, Egypt, Greece, Israel, Italy, Jordan and the Palestinian National Authority met in Cairo as part of the East Mediterranean Gas Forum (EMGF), which they founded in January this year. With tensions high in the politically sensitive region, the forum’s aim is to ensure gas resources in the East Mediterranean can be developed economically and countries can “foster regional energy cooperation.” Read full article on S&P Global Platts

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THE CLOSING DATE OF EMC 2020 CALL FOR PAPERS HAS BEEN EXTENDED UNTIL FRIDAY 11^Th OCTOBER DUE TO THE HUGE INDUSTRY DEMAND.

SUBMIT YOUR ABSTRACT – YOU STILL ON TIME: https://www.emc-cyprus.com/abstract-submission-form/

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.

INVITATION LETTER BY CHC – CYPRUS HYDROCARBONS COMPANY

Professor Toula Onoufriou, President of CHC, Professor at the Cyprus University of Technology, and Chairman of the EMC Organizing Committee welcomes the oil&gas community at EMC 2020.

Dear Industry Colleagues,

It gives me great pleasure to welcome the energy industry players and stakeholders to Cyprus for the inaugural edition of the EMC – EASTERN MEDITERRANEAN OFFSHORE CONFERENCE & EXHIBITION.

The Mediterranean basin has proved to be a world-class energy source with huge hydrocarbon potential. Cyprus, on this focus, has become one of the most attractive energy destinations in the Mediterranean, with significant business opportunities, in a unique investment climate and a booming economy. Cyprus enjoys a golden era of prosperity from the hydrocarbon industry and the gas discoveries.

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.

KEY PLAYERS CURRENTLY WORKING
IN THE EASTERN MEDITERRANEAN AREA

ExxonMobil in block 10 raise Cyprus as one of the world-class energy countries to invest.

“These are encouraging results in a frontier exploration area. The potential for this newly discovered resource to serve as an energy source for regional and global markets will be evaluated further.”

Steve Greenlee,

President of ExxonMobil Exploration Company

CYPRIOTS LAUNCH DRILLING AT 8 SITES IN EASTERN MEDITERRANEAN 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.

Under the Auspices of the

Ministry of Energy, Commerce

and Industry of Cyprus

National Host

In association with

Organised by