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Turkey raises estimate of its ‘giant gas discovery’ but sceptics aren’t buying story on evidence so far

October 27, 2020 | by | No Comments

Turkey has raised its estimate of gas reserves in a field off its Black Sea coast to 405bn cubic metres (bcm) after discovering an additional 85bcm, President Recep Tayyip Erdogan said on October 17. Erdogan said in August that the field contained an estimated 320 bcm of gas, making it the biggest natural gas discovery ever made by Turkey, which is almost entirely dependent on oil and gas imports, largely from Russia, Iran and Azerbaijan, though recent months have seen the country turn more and more to liquefied natural gas (LNG) shipments, with the US becoming a growing provider. If
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Categories: clients, News, and Uncategorized.

EMC to Hold Business Focussed Webinar Aimed at Helping Companies in the Region

September 14, 2020 | by | No Comments

Doing Business in Cyprus & the Eastern Med Oil and Gas Industry September 16th, 2020 Developments in the offshore exploration of oil and gas assets in Cyprus and the Eastern Mediterranean are rarely far from the headlines in recent times. As the impact of COVID-19 continues to be felt on the global markets, Cyprus and the Eastern Mediterranean as the latest frontier energy hub remains an area of active E&P activity. Often overlooked, it is the practicalities of entering frontier markets that cause the most difficulties – from investment avenues to corporate strategies, license bidding, HSE, CSR, employment law &
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Categories: clients and News.