Turkey threatens to prevent ExxonMobil’s search for oil and gas off Cyprus after Nicosia awarded it the rights to Block 5 in the island’s economic exclusive zone. Cyprus on Thursday awarded natural
Cyprus has awarded natural gas exploration rights for an offshore block to the ExxonMobil and Qatar Petroleum consortium, Energy Minister Natasa Pilides announced. In comments to the press, Pilides said that Block
Despite Cypriot consumers paying a high price for the delays in the arrival of natural gas, a jump in the market price has played out in Cyprus’ favour. The island is one
China Petroleum Pipeline Engineering (CPP), building the €300 mln Vassiliko LNG terminal, pledges to bring natural gas to Cyprus in June 2023 after some delays in the schedule due to COVID-19. The
Moody’s Investors Service has upgraded the long-term senior secured ratings of the state-owned Israel Electric Corporation to Baa1 from Baa2. The upgrade reflects significant reductions in IEC’s leverage and improvements in the
Results of confirmatory drilling in the Glafcos gas field to be conducted by the ExxonMobil-Qatar Petroleum joint venture will not be known before March, Energy Minister Natasa Pilides said. ExxonMobil is scheduled
The government wants to lower the VAT on household electricity bills from 19% to 9% for the next three months, with the Finance Ministry consulting with Brussels on its intention. The decision
ExxonMobil is scheduled to drill an appraisal well at its Glaucus gas discovery in Block 10 by the end of this month or early December at the latest. In February 2019, ExxonMobil
There is no doubt that prices, in general, are rising, and we need to have a plan to tackle this soaring price hike. This analysis is limited to the increase in the
Two key energy projects, the EuroAsia Interconnector subsea electricity cable and importing natural gas for power generation, will end the energy isolation of Cyprus and reduce emissions. Both goals align with EU
