Eastern Mediterranean ///

The natural gas market in 2017

Armelle Lecarpentier, CEDIGAZ

In 2017, global natural gas demand’s above-average growth reshaped market fundamentals and  prevented the development of a global natural gas bubble. Meanwhile, global natural gas consumption doubled its 2016 growth rate, and it was well ahead of the previous five-year trend.

A U.S. shale gas cargo is heading to Israel for the first time

Israel is about to receive a cargo of U.S. liquefied natural gas, the first to arrive in the Middle Eastern nation from America’s shores since exports began in 2016.

Eni announces the start-up of third production unit at Zohr

Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 Bcfd. Zohr is now producing 1.1 Bcfd in ramp-up, equivalent to approximately 200,000 boed, of which 75,000 boed net to Eni at current working interest

Energean receives Class approval for FPSO design for Karish-Tanin

Energean Oil & Gas announced that it has received Class approval from DNV-GL, the global quality assurance body, for the Basic Design of the new-build Floating Production Storage and Offloading (FPSO) that will be deployed at its deepwater Karish-Tanin development, offshore Israel.

Eastern Mediterranean Gas Conference 2018 highlights development in Zohr field

More than 150 of the industry’s top executives, government officials, and regional experts met in Nicosia, Cyprus this week to discuss and share their perspectives on energy development in Cyprus and the Eastern Med. The region’s key leaders, involved in determining the natural gas policies of the Eastern Med, attended EMGC for two-days of in-depth discussions on the region’s latest developments, challenges and opportunities.

Energean takes FID on Karish and Tanin gas project, offshore Israel

Energean Oil & Gas PLC has announced that its board of directors has approved the Final Investment Decision (FID) to proceed with the $1.6-billion Karish & Tanin Development Project, offshore Israel.

EMGC '18: Cyprus to import gas via FSRU to meet EU GHG targets

Day 2 of Gulf Publishing Company's Eastern Mediterranean Gas Conference (EMGC 2018) in Cyprus kicked off with a keynote presentation by Dr. Symeon Kassianides, chairman of The Natural Gas Public Co. (DEFA) of Cyprus.

Shell mulls 15-year deal for Israeli, Cypriot gas, partner says

Royal Dutch Shell Plc is weighing a 15-year contract to buy natural gas for its liquefied natural gas plant in Egypt from offshore fields in Cyprus and Israel.

EMGC '18: Eni Chief sees rapid development of Eastern Med gas with Zohr

Opening Day 1 of Gulf Publishing Company's fifth annual Eastern Mediterranean Gas Conference (EMGC) on March 21 was Yiorgos Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism for the Republic of Cyprus.

Mubadala Petroleum acquires 10% stake in Egypt's Shorouk Concession

Mubadala Petroleum and Italy’s Eni signed an agreement to purchase a 10% stake in the Egyptian Shorouk Concession.

Strategic opportunities for growth, expansion to be discussed at upcoming EMGC conference

Gulf Publishing Company is pleased to announce that the Eastern Mediterranean Gas Conference (EMGC) will return to the Hilton Cyprus, in Nicosia, Cyprus, on March 21-22, 2018.

Egypt resolving dispute, holding up $15-billion Israel gas deal

Egypt said it was settling financial disputes with an Israeli electricity company and a key pipeline operator to turn a $15-billion deal to import gas from the Jewish state into reality.

Schlumberger wins engineering, supply contract for Noble Energy's Leviathan platform

Schlumberger today announced the award by Noble Energy of an engineering and supply contract for a 2,000-ton single-lift process module to be installed on the Leviathan platform in the Eastern Mediterranean.

Cyprus sees gas deal with Egypt as Cairo weighs Israeli supply

Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub after the startup of the giant offshore Zohr field.

Noble Energy announces execution of gas sales agreements for export of gas to Egypt

Noble Energy, Inc., has announced that it has signed agreements to sell significant quantities of natural gas from Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt.

Zion Oil & Gas encounters oil onshore Israel

Zion Oil & Gas, Inc., announces that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud.

Total-led consortium enters Lebanon with two deepwater E&P contracts

Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon, covering Blocks 4 and 9, located in the deep waters offshore Lebanon.

Eni reports "Zohr like" discovery offshore Cyprus

Eni has made a lean gas discovery in Block 6, offshore Cyprus with Calypso 1 NFW.

Fraying Israel-Turkey ties threaten planned natural gas venture

A U.S.-backed initiative to build an undersea natural gas pipeline between Israel and Turkey looks increasingly troubled as Turkish President Recep Tayyip Erdogan escalates his public denunciations of the Jewish state.

Energean signs $180-million senior facility agreement to develop Prinos basin

Energean Oil & Gas has announced that it has signed a reserves-based senior facility agreement, amounting to $180 million.