Greece has stated that it achieved record-high rates of production in hydroelectric, solar and wind energy during 2023, IPTO the country’s power grid operator announced according to Reuters. This comes as Greece seeks to be a green energy exporter to northern countries. The power produced through renewables and hydroelectric sources reached 57% of Greece’s energy […]
The consortium licensed for the development of Cyprus’s Aphrodite gas field will update the development and production plan by March 31st, as Cypriot Minister of Energy, Commerce and Industry, George Papanastasiou, revealed, according to ekathimerini. The minister explained that a floating production unit (FPU) above the field would be a significant plan of the new […]
The Greek-Cypriot electricity interconnection, which is a €1.9 billion project, attracted the interest of European and non-European investors. This comes following the placement of the Independent Power Transmission Operator (ADMIE) in charge of the project’s implementation, ekathimerini website reported. “Since ADMIE assumed the role of implementing body, there has been very strong investment interest, which […]
The government of Cyprus and Chevron have reached an agreement for the development of the ‘Aphrodite’ gas field in block 12 of the country’s exclusive economic zone (EEZ). The negotiations between the two parties have been ongoing for several months, with the government initially rejecting proposed amendments from the company. However, with the deadline proposed […]
Chevron and the Cypriot government sealed a deal for methods to develop the Aphrodite gas field, which is estimated to have 4.2 trillion cubic feet of gas, according to the Associated Press. According to the agreement, both Cyprus and Chevron will have mutual benefit, a Cypriot official revealed, not disclosing further details. Cypriot energy ministry […]
The European Commission has included a proposed pipeline connecting gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its list of Projects of Common Interest (PCI). This means that the project will have access to a fast-track permitting process and special funding. The project is sponsored by energy group Edison and […]
Jordanian Prime Minister Bisher Khasawneh has announced that Jordan is working to find alternatives in the event that natural gas flowing from Israel towards the Kingdom is cut off, indicating communication with two Arab countries in this regard, according to Almamlaka TV. Khasawneh stated that the gas agreement with Israel is not on the table […]
The Cypriot government granted Chevron Corporation, Aphrodite gas field operator, a seven-day extension to reach an agreement for the field’s development plan, according to a statement by a partner in the consortium NewMed Energy reported in ekathimerini. Chevron Cyprus Limited has received a letter from the Giorgos Papanastasiou, Cypriot Minister of Energy, which grants the […]
Egypt is expected to continue exporting liquefied natural gas (LNG) by December 2023 or January 2024 as the country’s domestic consumption decreases in winter and as Egypt receives more gas from Israel, Reuters quoted Cristian Signoretto, director for ENI’s global gas and LNG portfolio, on the sidelines of a conference in London. “Consumption in Egypt […]
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