Cyprus EEZ Archives - Financial Mirror

Oil demand growth still strong, despite regional conflicts

The crude oil price is now over $82/bl due to tight supply, the Middle East conflict and Houthi attacks on vessels in the Red Sea. The attacks are rippling through oil markets,

21st February 2024

Columnists/Comment/Energy

Eni, Total confirm ‘excellent’ natgas well at Cronos-2

Italy’s Eni and French TotalEnergies confirmed Thursday the extension and “excellent” well deliverability at their joint natural gas field within the Cronos discovery in the Cyprus offshore exclusive economic zone. The announcement

15th February 2024

Cyprus/Energy

More natgas found as gas flares at Cronos-2

Italian ENI’s exploration in the “Cronos-2” target within Block 6 of Cyprus’ exclusive economic zone (EEZ) appears to have yielded positive results, as gas flaring reported from the drilling site indicates the

19th January 2024

Cyprus/Energy

Govt, Chevron resolve Aphrodite standoff

Energy Minister George Papanastasiou has confirmed the successful conclusion of negotiations between the Cyprus government and Chevron, the U.S. energy company, regarding the development of the Aphrodite offshore natural gas field. The

2nd December 2023

Cyprus/Energy

Spotlight on east Med as Europe scrambles for gas supplies

The eastern Mediterranean has been attracting increased attention from energy companies and European governments in recent weeks, as the realisation of the anticipated difficulties in securing next winter’s gas supplies sinks in.

16th July 2023

Columnists/Comment/Cyprus/Energy/Europe

Cyprus can export natural gas by 2027

Cyprus will be in a position to export natural gas in the next four to five years, said the island’s Energy Minister Natasa Pilides in an interview with a Greek newspaper on

29th August 2022

Cyprus/Energy

Glaucus-2 well finds ‘high quality’ natgas

ExxonMobil and Qatar Petroleum, consortium partners in Block 10 of the Cyprus Exclusive Economic Zone (EEZ), have found “high quality natural gas” in the ‘Glaucus-2’ appraisal well, with the drillship Stena Forth

21st March 2022

Cyprus/Energy

Russia sanctions could breath new life into EastMed

Cyprus’ dreams of building the ambitious EastMed natural gas pipeline from Israel to Europe may not be dead in the water just yet, as the war in Ukraine and sanctions on Russia

14th March 2022

Cyprus/Energy/Europe/Middle East

Moody’s upgrades Israel Electric on secure gas supply

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

23rd November 2021

Energy/Middle East/World