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
Moody’s Investors Service placed the deposit ratings of five Israeli banks on review for downgrade, Tuesday, following the rating agency’s similar view of the sovereign A1 long-term issuer ratings last Thursday. It
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.
Follow-through from last month’s G7 meeting, when “increased deliveries of LNG” and “publicly supported gas investments” were endorsed, has started to emerge. US public finance has started to flow for LNG, despite
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 Group of Seven energy ministers have agreed that new investments in natural gas are needed because of the energy fallout from Russia’s invasion of Ukraine. The G7 statement, released on April
Energy Minister George Papanastasiou has discussed with consortiums the option of importing natural gas quantities from Cyprus’ Exclusive Economic Zone for power generation in combination with LNG exports via a small plant.
The lack of new liquefaction capacity coming online in the US, combined with low additions globally in 2023, stands to pressure the gas market as it grapples with extreme volatility and persistently
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