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.
Portfolio investors and fund managers have dumped petroleum futures and options, reversing the buying frenzy inspired by the production cuts announced by Saudi Arabia and its OPEC-plus allies at the start of
The current European natural gas markets still are looking at very high price settings, while demand is below historical levels, and supply could be hit by Asian demand increases. Since the Russian
A new timetable has been set for the long-delayed LNG terminal at Vassiliko, with contractors estimating its completion in October instead of July. Construction of a jetty as part of the Liquefied
Following a hard-hitting article in Phileleftheros on 5 January calling the project a ‘fiasco’, we had a flurry of announcements from the Ministry of Energy during the last few days. The good
Energy Minister Natasa Pilides has assuaged stakeholders’ and MPs’ concerns over serious delays in constructing a liquefied natural gas (LNG) terminal. The project, which has seen its cost rise from €290 mln
Construction of a liquefied natural gas (LNG) terminal at Vassiliko is stuck after a dispute between the government and the consortium implementing Cyprus’ largest energy project. With long delays already under its
By Craig Erlam European stock markets are making modest gains at the end of the week, but broadly remain in consolidation, as has been the case throughout. We appear to have reached
Proponents of the East Med pipeline unrealistically believed the project would forge an economic alliance and create vested interests to leverage the defence and security of Greece, primarily, and Cyprus. This belief
Cyprus’ plans to import natural gas to its energy mix face further delays as work on constructing the €300 mln Vasiliko LNG import terminal are held up as large quantities of chemicals
