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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:

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
CYPRIOTS LAUNCH DRILLING AT 8 SITES IN EASTERN MEDITERRANEAN OVER 2 YEARS
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. Not to mention the gas discoveries found in Israel.
ExxonMobil recent natural gas discovery in Cyprus in the Eastern Mediterranean at the Glaucus-1 well
Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic meters). Further analysis in the coming months will be required to better determine the resource potential.“These are encouraging results in a frontier exploration area,” said Steve Greenlee, president of ExxonMobil Exploration Company. “The potential for this newly discovered resource to serve as an energy source for regional and global markets will be evaluated further.”

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.

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.