Egypt is unlikely be able to export any LNG to Europe this summer. In the face of declining production at Zohr, its priority is to secure its domestic energy needs. Production at
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
The long overdue construction of the liquified natural gas terminal at Vassiliko, near Limassol, is crashing into a brick wall, as the government and the Chinese-led consortium that was awarded the contract
The US energy security role is being questioned as natural gas exports receive new scrutiny. The Biden administration is reconsidering the way it licences new LNG export terminals, under pressure from climate
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
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