Archives for 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power cuts resulting from the national grid’s inability to meet rising demand due to a lack of maintenance and outdated power plants.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
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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,
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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
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Israel-Lebanon negotiations: Is the maritime border the issue at stake?

American energy independence and Israeli natural gas findings have led to historic political opportunities for both America and Israel. The once-frozen position of the Arab League is slowly thawing toward Israel. Subsequently, historic peace accords with Bahrain, United Arab Emirates and Sudan are signed, and many others are on the way. The fear of a growing Iranian threat has led Sunni nations to soften their stance on rejecting Zionism. Israel and many (Gulf) Sunni nations have aligned with each other against the greater threat of Iran and its proxies (e.g., Lebanon/Hezbollah, Syria, and Yemen) to counter their destabilizing effect on
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U.S. Backs EastMed Pipeline To Supply Gas To Europe

The United States supports the EastMed pipeline project that is expected to deliver natural gas from offshore Israel via Greece and Cyprus to the wider European market, U.S. Secretary of Energy Dan Brouillette said during a visit to Greece on Thursday. “We are going to continue to work with Israel, Greece and other interested parties to ensure that the infrastructure will be developed,” Secretary Brouillette told reporters, as carried by Reuters. The planned EastMed pipeline, for which a final investment decision is expected in 2022, is expected to deliver around 10 billion cubic meters of natural gas to the European Union (EU)
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Greece, Egypt want Biden to play ‘decisive role’ in Turkey maritime dispute

Greek Prime Minister Kyriakos Mitsotakis says he expects US President-elect Joe Biden’s incoming administration to play a “more decisive role” in calming tensions with Turkey in the eastern Mediterranean. “We have every reason to welcome, along with all our partners in the region, the return of the United States to its central role as a leader of Nato,” he said on Wednesday after a meeting in Athens with Egyptian President Abdel Fattah el-Sisi. “I believe that Greece and Egypt will welcome and have a positive attitude toward the determination of America’s contribution to the events of the Middle East and eastern Mediterranean
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Erdogan calls for ‘two-state solution’ to Cyprus division

Turkish president visited breakaway Northern Cyprus to give backing to newly-elected leader Ersin Tatar Turkey’s President Recep Tayyip Erdogan visited breakaway Northern Cyprus Sunday, saying that he favored a permanent division of the disputed island into two states. Erdogan made the trip to lend his support to newly elected Turkish Republic of Northern Cyprus (TRNC) President Ersin Tatar – who was also previously prime minister. He won a tight vote last month “that could further strain ties with the internationally-recognised Cypriot government to the south,” Reuters reported. To continue reading click here
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Cyprus, preparing for LNG, still depends heavily on oil imports

Cyprus’ oil import dependency is high. According to the 2021-2030 National Energy & Climate Plan (NECP), Cyprus total primary energy consumption in 2018 amounted to about 48,400 boe/day (barrel of oil equivalent is a unit of energy based on the approximate energy released by burning one barrel of crude oil). Imported oil products provided most of it, about 43,400 boe/day. About 40 per cent of this energy was consumed by the EAC in power generation, with the rest used in transport, industry, heating/cooling (H&C), agriculture and services. Based on current plans, and with the new liquefied natural gas (LNG) terminal
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