Cyprus
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Dancing around Turkey, Greek energy chief says EastMed deal game changer
ATHENS – An agreement between Greece, Israel and Cyprus to build an undersea pipeline to carry gas from new offshore deposits in the southeastern...
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Steinitz confident Israel and Cyprus can supply EastMed pipeline
ATHENS – Israel and Cyprus have enough gas to fill the proposed EastMed natural gas pipeline from the East Mediterranean to Europe, Israel’s Energy...
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Greece, Cyprus, Israel jointly condemn Turkey's decision to deploy troops in Libya
After a "historic" intergovernmental agreement was signed on Thursday by Greece, Cyprus and Israel for the construction of the EastMed natural gas pipeline, the...
Archive
Turkey lurking, Greece-Cyprus-Israel EastMed political deal coming
ATHENS – Greece, Cyprus and Israel plan to sign an intergovernmental agreement for the construction of the EastMed natural gas pipeline in Athens on...
Archive
Resumption of peace talks may pause Turkish drilling in Cyprus EEZ
Incoming new EU Commission may be keener on negotiations to resolve regional East Med problemsLIMASSOL, Cyprus – The possible resumption of the dormant peace...
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EU countries stall EIB plans to phase out funding for fossil fuels
The European Investment Bank (EIB) on 15 October postponed taking a decision to next month on whether to phase out lending to fossil fuels,...
Archive
At Cairo summit, Turkey slammed for drilling in Cyprus’ EEZ
At a trilateral summit between Egypt, Cyprus and Greece in Cairo on 8 October, the leaders of the three countries slammed Turkey's drilling in...
Analysis
Greece and US ink new defence deal and extend strategic dialogue
Taking a welcome break from his involvement in the Trump-Ukraine issue, US Secretary of State Mike Pompeo completed his short Balkan swing on 6...
Archive
Meeting Erdogan at UN, Mitsotakis eyes calmer waters
The meeting between Greece's newly elected Prime Minister Kyriakos Mitsotakis and Turkey’s President Recep Tayyip Erdogan on the sidelines of the United Nations General...
Archive
Cyprus, Noble Energy reach deal to expedite Aphrodite development
Cyprus’ government has reached a deal to revise the contract with US-based company Noble Energy and its joint venture partners, Israel’s Delek Group and...
Archive
EIB loan to finance power cable between Crete and mainland Greece
ATHENS - The Greek island of Crete took a step closer towards energy independence and cutting CO2 emissions on 9 May, following a deal...
Africa
Greece, Cyprus, Jordan cement East Med Gas Forum relationship
ATHENS – The leaders of Greece, Cyprus and Jordan will hold a trilateral summit in Amman on 14 April to expand cooperation in the...
Analysis
New legislation energizes US policy in the Eastern Mediterranean
Important new bipartisan legislation has been introduced by two ranking US Senators to reshape and energize US strategy in the Eastern Mediterranean, taking into...
Archive
US, Israel, Cyprus, Greece reaffirm regional energy cooperation
Israeli Prime Minister Benjamin Netanyahu, Cypriot President Nicos Anastasiades, Greece's Prime Minister Alexis Tsipras, and US Secretary of State Mike Pompeo on 20 March...
Archive
Pompeo spearheads US efforts to bring East Med gas to EU
ATHENS – The United States is very supportive of plans to develop gas reserves in the East Mediterranean and export them to Europe, lessening...
Archive
Cyprus’ new Glaucus-1 gas field can boost EU energy security
DELPHI, Greece - A major offshore natural gas discovery in the Eastern Mediterranean near Cyprus at the Glaucus-1 well by US energy giant ExxonMobil...
Archive
Exxon potential gas find in East Med boosts EU pipeline hopes
Israel, Cyprus, Greece and Italy are expected to sign an intergovernmental agreement for the EU-backed EastMed pipeline project in March to transport natural gas...
Archive
Israel, Cyprus, Greece and Italy show political will for EastMed gas pipe
ATHENS - There is political will from Israel, Cyprus, Greece and Italy to proceed with the construction of the EastMed natural gas pipeline, Israel’s...
Analysis
Political landscape reshaped after blistering Prespes Agreement ratification battle
While Greek Prime Minister Alexis Tsipras successfully avoided triggering national elections over the painful ratification battle for June’s Prespes Agreement with the newly renamed...
Archive
US oil production may undermine OPEC-Plus cuts
The United States becomes a net energy exporter in 2020 and remains so throughout the projection period as a result of large increases in...
Africa
East Med countries agree to create regional gas market
Eastern Mediterranean countries have agreed to create a regional gas market in an effort to transform their part of the Mediterranean into a major...
Archive
Slower global economic growth can lead to lower oil and gas prices in 2019
Oil prices are unlikely to rise significantly this year because of fears of an oil supply glut caused by over production and reduced oil...
Archive
Greece, Cyprus, Israel to discuss gas exports to Europe
A trilateral Greece-Cyprus-Israel summit will take place in Beersheba on December 20 where host Israel’s Prime Minister Benjamin Netanyahu, his Greek counterpart Alexis Tsipras,...
Archive
As Exxon prepares to drill off Cyprus, tensions flare with Turkey
LIMASSOL, Cyprus – The drillship of ExxonMobil is reportedly expected to arrive in the port of Limassol on November 5 as the US energy...
Archive
Turkey challenges Greece, Cyprus again over East Med hydrocarbon exploration
Echoing his warnings against Cyprus' energy exploration, Turkey Defence Minister Hulusi Akar said October 24 his country will not allow Greece to interfere in...
Archive
Greece, Egypt and the EU support Cyprus’ right to explore for hydrocarbons
Greek Prime Minister Alexis Tsipras, Cypriot President Nicos Anastasiades and Egyptian President met on the island of Crete on October 10, for talks aimed at...
Archive
Cyprus-Egypt pipeline deal may facilitate LNG gas exports to EU
Cyprus and Egypt have signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt. Cyprus’ Energy Minister Yiorgos...
Archive
Oil prices likely to rise as US plans to officially pull out of Iran deal
US President Donald J. Trump has said the United States will pull out of a nuclear agreement with Iran and any company dealing with...
Archive
Exxon, Total get the green light for drilling off the Greek island of Crete
ATHENS - A consortium of US oil and gas giant ExxonMobil, French energy major Total, and Greece’s Hellenic Petroleum (HELPE) has been awarded a...
Archive
Russia resumes construction of TurkStream Line 2 for Europe
THESSALONIKI, Greece – Russia has resumed the pipelaying operations for the second string of the Turkish Stream or TurkStream offshore gas pipeline, which aims...
Archive
Cyprus’ Minister highlights East Med role in EU energy security
LAGONISSI, Greece – Cyprus plans to forge ahead with the country’s energy plans to explore for hydrocarbons in its Exclusive Economic Zone (EEZ) and...
Archive
Israel, Cyprus, Greece to push EastMed gas pipeline to Europe at May summit
Israeli Prime Minister Benjamin Netanyahu spoke on April 4 with Greek Prime Minister Alexis Tsipras and Cyprus President Nicos Anastasiades and “among the issues...
Archive
US deepens engagement on Europe’s southern flank
Assistant Secretary of State for European and Eurasian Affairs Wess Mitchell continued his weeklong trip through Southeastern Europe and the Eastern Mediterranean visiting Belgrade...
Archive
Prompted by Egypt’s Zohr find, Total-Exxon will hunt hydrocarbons off Crete
ATHENS - A French-led consortium from Total and US energy giant ExxonMobil, each with 40% stakes, as well as Hellenic Petroleum, have submitted a...
Cyprus
US political fireworks reach Delphi Economic Forum
The official American presence at the March 1-4 Delphi Economic Forum came close to being overshadowed by the academics, business people, and American political...
Archive
Turkish pressure throws EU East Med energy projects into limbo
DELPHI, Greece – The Turkish diplomatic and military pressure in the Aegean Sea and Eastern Mediterranean in Cyprus’ Exclusive Economic Zone (EEZ) may affect...
Archive
Cyprus brings up Turkey’s ‘gunboat diplomacy’ to EU
As Cyprus’ President Nicos Anastasiades and Greek Prime Minister Alexis Tsipras were expected to bring up the issue of Turkey’s intervention in the island’s...
Archive
Gas drilling, Navtex fuel Turkey-Cyprus tensions in East Med
ATHENS – The tensions between Greece and Turkey after an incident in the eastern Aegean appear to have been defused, but the standoff between...
Albania
Former PM Letta: Italy to play increasing role as key EU energy hub
ATHENS – Italy can become an energy hub in the Mediterranean boosting European security of supply, Enrico Letta, former prime minister of Italy, told...
Archive
At Rome ‘Club Med’ summit, Greece gets a line on TAP gas to Italy
As heads of state and government of Cyprus, France, Greece, Italy, Malta, Portugal and Spain, or so-called “Club Med,’ convened in Rome on January...
Albania
With the exception of TAP, Erdogan’s visit to Greece reconfirms diverging energy interests
ATHENS – Turkish President Recep Tayyip Erdogan’s historic visit to Greece on December 7, the first such visit in 65 years by Turkish President,...
Africa
Cyprus, Greece, Egypt strive to export East Med gas to Europe, but at what price?
ATHENS – Cyprus President Nicos Anastasiades, Egypt's President Abdel-Fattah el-Sissi and Greek Prime minister Alexis Tsipras endorsed a gas export pipeline from Cyprus to...
Archive
France’s Total leads hydrocarbon exploration offshore Greece
ATHENS – Greece has signed a lease agreement with the joint venture Total-Edison-Hellenic Petroleum for the Block 2 at the Ionian Sea, offshore Greece.At...
Archive
Putin boosts ties with Cyprus, woos Greece, Italy for TurkStream to EU
Russia and Cyprus have always been close partners and cooperation between Moscow and Nicosia was reinforced following the meeting between Russian President Vladimir Putin...
Archive
Cyprus, Greece eye East Med gas discoveries for EU export
ATHENS – More offshore hydrocarbon discoveries from the East Mediterranean region similar to Egypt’s giant Zohr field could boost gas exports to Europe.“At the...
Archive
Snubbing Turkey, Italy’s ENI will drill off Cyprus
Italian energy major ENI’s bold announcement that it will start a drilling programme in November offshore Cyprus, which not only involves blocks 3 and...
Archive
All eyes on Turkey as Total-ENI vessel readied to drill offshore Cyprus
ATHENS – As the West Capella drilling vessel, contracted by France’s Total in association with Italy’s ENI, is about to start drilling at Block...
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US Vice President Pence reaches out to Greek PM Tsipras after Cyprus talks collapse
In a clear attempt to minimize the regional political fallout from the failed Cyprus talks, U.S. Vice President Michael Pence called Greek Prime Minister...
Archive
Turkish Stream eyes Balkan gas market, East Med hinges on prices
VOULIAGMENI, Athens – Gazprom is looking to supply the Balkans with Russian gas via Turkish Stream after 2019 when the contract with Ukraine expires,...
Archive
US calls for relaxing Gazprom’s stranglehold on EU market
ATHENS – Several key energy projects currently underway in Greece will bring significant quantities of non-Russian gas to Greece, Italy, Bulgaria, and other regional...