WorldOil Six-nation Mediterranean Gas Group forms, without Turkey, to “strengthen regional cooperation” Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring for the fuel in contested waters, is not as yet included. Turkey’s Black Sea find shapes its potential role as an energy producer “Turkey is a premium gas market, which has never been significant on a global scale. The discovery really reinforces the country’s potential role as an energy producer in the region,” said Ashley Sherman, principal analyst on Caspian and Europe upstream at Wood Mackenzie. Turkey stokes EU tensions with exploration activity off Cyprus Ankara resumed its search of the contested waters last week after German-mediated negotiations with Greece collapsed when Athens announced a maritime delimitation agreement with Egypt on Aug. 6 in retaliation to a similar deal between Turkey and Libya. Turkey accelerates plans to drill in disputed Mediterranean waters The eastern Mediterranean has become an energy hot spot with big finds for EU member Cyprus, Israel and Egypt in recent years, and Turkey’s push to secure a share of the resources in those waters has exacerbated strains in an already tumultuous region. EU sanctions Turkey over drilling in Cyprus’ economic zone The EU asset freezes and travel bans on two people, whom the bloc plans to identify later on Thursday, make good on its months-long vow to counter Turkey’s oil and natural-gas exploration in waters that are part of the exclusive economic zone of member country Cyprus. EU to sanction Turkish nationals over gas drilling off Cyprus European Union diplomats agreed to impose travel bans on two Turkish nationals and freeze their assets in retaliation for Ankara’s gas prospecting in disputed waters near Cyprus, two officials familiar with the matter said. Turkey to issue exploration licenses in contested waters, straining EU ties Turkey will issue new exploration licenses in the eastern Mediterranean now that it’s set a maritime border with Libya, President Recep Tayyip Erdogan said Thursday, a step liable to exacerbate strains with Greece and the European Union. Cyprus picks Chinese-led consortium for first LNG terminal contract Cyprus’ national gas company DEFA has selected a multinational consortium to construct the country’s first LNG terminal. Greece offers opportunity for Turkey if drilling disputes are resolved Greece’s foreign minister said his country could work together with Turkey to exploit natural resources, while urging Ankara to settle its Mediterranean drilling disputes. Cyprus ghost town becomes pawn in drilling dispute with Turkey A ghost town in Cyprus’s Turkish-controlled north has become the latest pawn in the conflict surrounding Turkey’s drilling for natural gas off the island’s shore.