Posts by IES_Admin IES_Admin

Cyprus signs contracts with International Operators 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
Read More

Categories: News.

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
Read More

Categories: News.

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 More

Categories: News.