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Egypt: Towards an energy hub

Natural gas production in Egypt developed to reach an estimated seven billion cubic feet per day in September 2019, compared to 6.8 billion during fiscal year 2018-19 that ended in June, 5.6 billion in 2017-18, and 4.5 billion in 2016-17. The Italian energy company Eni said that this accelerated growth in natural gas production was mainly due to the rapid increase in production at the Mediterranean Zohr field, which it discovered in 2015. Zohr, 60 per cent owned by Eni, is one of the largest fields in the Middle East and North Africa region. The Zohr field started production in
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Exploratory talks between Greece, Turkey begin with guarded optimism

Diplomatic delegations in Greece and Ankara met for three hours today in Ankara to launch exploratory talks on bilateral issues. It was the 61st round of such talks, which commenced in 2002, when George Papandreou was foreign minister, and were abruptly terminated in 2016 after an abortive coup against Turkish President Recep Tayyip Erdogan in 2016. To continue reading the original article click here
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Cyprus, Mexico to lead drilling in 2021

Four will be drilled in Mexico, one in Honduras, three in Suriname, three in Brazil, three in Guyana, one in Jamaica and one in Bahamas. Africa will have six to eight of these wells, targeting more than 10 billion barrels of oil equivalent. These include Sao Tome & Principe, Gabon, Angola, Namibia, South Africa, Zimbabwe and Mozambique. In Asia Pacific there could be six high impact wells. There will be two each in Australia and Papua New Guinea, and one each in Vietnam and Indonesia. Companies will drill two in Norway, two in Canada, four off Cyprus and one in
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Greece and Turkey resume maritime talks

Athens, Greece – Greece doubled its western territorial waters in the Ionian Sea to 12 nautical miles (22 kilometres) – the maximum allowed under the United Nations Convention on the Law of the Sea, or UNCLOS. he law added 13,000 square kilometres to Greece’s sovereign domain – equivalent to 10 percent of its land. “The extension of territorial waters westward inevitably sends a message to the East,” said Greek Prime Minister Kyriakos Mitsotakis in parliament on Wednesday. “Under the same legal regime, we can resolve our great problem with Turkey, as long as its leaders abandon this monologue of disputation and
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UN chief intends to invite Cyprus rivals to meet soon

UNITED NATIONS — U.N. Secretary-General Antonio Guterres says he intends to invite the rival leaders on Cyprus to an informal meeting “as soon as practicable,” but he warns that this meeting must be different and help clarify “the true extent” of their common vision “and outline steps necessary to chart a way forward.” The U.N. chief also warned in a report to the U.N. Security Council circulated Tuesday that “time is working against a mutually acceptable political settlement in Cyprus.” After decades of status quo, he said, “changes are happening on the ground that may become irreversible, should the two
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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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