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DEFA invites bidders for gas supply
By: Admin - 25 July 2014 - 0 Comments

The Natural Gas Public Company (DEFA) announced on Thursday it had invited a number of bidders for negotiations for the supply of natural gas. It followed the evaluation of the commercial and financial parts [...]

Energy Minister: Necessary to modernise businesses
By: Admin - 24 July 2014 - 0 Comments

Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has pointed out the necessity to modernise Cypriot businesses, so that they may become competitive and survive. Addressing the annual general meeting of the Paphos [...]

Study into support of gas industry
By: Admin - 23 July 2014 - 0 Comments

LARNACA municipality has tasked Lloyd’s Register Energy with carrying out an independent study into the potential effects to the environment and pubic health from the operation of companies that provide support services to the [...]

CYPRUS Airways gets involved in oil and gas operations
By: Admin - 22 July 2014 - 0 Comments

CYPRUS Airways (CY) has signed a strategic agreement with PHI Air Europe, a leading company in the provision of helicopter support to offshore oil and gas operations. The deal includes use of CY’s engineering [...]

Oil Stocks Moving to Vassiliko
By: Admin - 17 July 2014 - 0 Comments

Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has confirmed the Cabinet’s decision to move the country’s storage of oil stocks from their present location in Larnaca to the budding energy hub at [...]

Natural gas interest
By: Admin - 16 July 2014 - 0 Comments

US interest in the natural gas reserves in Cyprus’ Exclusive Economic Zone (EEZ) has increased as a result of the crisis in Ukraine which has led the American government to seek alternative options for [...]

Cyprus: EU’s First LNG Exporter?
By: Admin - 14 July 2014 - 0 Comments

Cyprus may become the first EU member state to emerge as an LNG exporter and realise the concept of an Eastern Mediterranean Gas Corridor, in line with EU’s diversification policy, Energy Minister Yiorgos Lakkotrypis [...]

Leviathan gas estimate revised upwards
By: Admin - 14 July 2014 - 0 Comments

The best estimate of the amount of gas in Leviathan is now 21.93 TCF, 16% higher than previously estimated. The estimate of the amount of gas in the Leviathan off the coast of Israel [...]

Remarks by the Minister of Energy, Mr. Yiorgos Lakkotrypis at the press conference of the Malta Energy Conference
By: Admin - 12 July 2014 - 0 Comments

This first Energy Conference in Malta is the kick-off towards a strengthened gas cooperation in the Mediterranean area; at the same time it sets a significant milestone by acknowledging the important role that our [...]

Energy Minister: Promising prospects for natural gas, while encouraging ones for oil
By: Admin - 11 July 2014 - 0 Comments

Minister of Energy Giorgos Lakkotrypis has said that in addition to the discovery so far of 5 tcf of natural gas in Cyprus` Exclusive Economic Zone, the government is optimistic for further discoveries in [...]

Cyprus, Malta and the European Commission co-organize Energy Conference in Malta, on 10 and 11 July
By: Admin - 10 July 2014 - 0 Comments

The Minister of Energy, Commerce, Industry and Tourism, Mr Yiorgos Lakkotrypis, departs today for Malta, where he will participate, heading a Ministerial delegation, in the Energy Conference on “The security of natural gas supply: [...]

The advent of FCNG now presents the possibility of a Phased-Development  For East Med’s Hydrocarbons
By: Admin - 09 July 2014 - 0 Comments

By Christis Enotiades Following the downsizing of the hydrocarbon findings at sea block 12 of the Cyprus EEZ, from 3.6 tcf to 6 tcf (102 bcm to 170 bcm) with a gross mean of [...]

Next six to 12 months critical for Cyprus hydrocarbons industry
By: Admin - 08 July 2014 - 0 Comments

By Angelos Anastasiou NEGOTIATIONS between state hydrocarbons agency EYK and Noble-Avner over the prospect of channelling natural gas from Israel’s Leviathan reserve to Cyprus to secure the viability of constructing a liquefaction terminal in [...]

Talks on possible transfer of Leviathan gas to Cyprus on track, says CNHC
By: Admin - 08 July 2014 - 0 Comments

Discussions between the Cyprus National Hydrocarbons Company (CNHC) and the Leviathan partners Noble and Energy and Avner have reached a very good point, CNHC said on Tuesday. Natural gas discoveries so far in the [...]

Cyprus aims at deepening strategic partnership with US, Energy Minister says
By: Admin - 07 July 2014 - 0 Comments

The government of Cyprus is aiming at deepening its strategic partnership with the United States, in order to secure its support for Nicosia`s energy designs, Energy Minister Yiorgos Lakkotrypis has stated on Monday. He [...]