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CYPRUS - THE EASTERN MEDITERRANEAN HUB, A SOURCE OF ENERGY FOR EUROPE

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GRAB THE OPPORTUNITY TO LEARN MORE ABOUT CYPRUS ENERGY MARKET
Held under the Auspices of
H.E. the President of the Republic of Cyprus - Mr. Nicos Anastasiades

East Mediterranean Breaking News:

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 in our troubled region,” Mitsotakis added. Greece and Egypt are at odds with Turkey over a maritime boundary dispute in the eastern Mediterranean, concerning rights to search for and exploit natural gas deposits. To continue reading click here
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
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 at Vasiliko likely to become operational by 2022, LNG imports will be replacing oil products in power generation by the end of 2023. To continue reading click here

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.