ExxonMobil urges state support for EastMed gas

Governments should provide the necessary support to increase energy supply from the Eastern Mediterranean, said ExxonMobil’s frontier exploration director Tristan Aspray. He told a panel discussion on energy supply and security in

Energean finds new Israel gas discovery

Greece’s Energean announced its Hermes exploration well offshore Israel had made a commercial natural gas discovery of between 7 and 15 bcm, with Cyprus a potential export market. And the Stena IceMax

Energy crisis long afterburn

Europe’s energy crisis will not just be for this winter. Europe is expected to face similar problems next winter and probably beyond, driven by tight global gas supply and increasing competition for

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Cyprus, Israel want speedy end to gas row

Cyprus and Israel agreed Monday to resolve speedily a long-running dispute on exploiting a natural gas reservoir that straddles the maritime boundaries of both countries, energy ministers said. Israeli Energy Minister Karine

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Sentiment slips in Europe

By Craig Erlam Stock markets in Europe turned lower again on Wednesday, while US futures are more mixed, similar to what we saw in Asia overnight. Conditions remain choppy in the aftermath

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Cyprus can’t satisfy EU gas needs

The latest gas find off Cyprus is insufficient for Nicosia to join the EU’s energy plans to become less reliant on Russian supplies, as Moscow threatens to turn off the taps, says

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