Italy’s ENI to start exploratory natural gas drilling in Cyprus’s exclusive economic zone

Original article.

NICOSIA, Nov. 24 (Xinhua) — Italian ENI energy company will make two natural gas drillings within the coming months in two blocks of the Cypriot exclusive economic zone, Energy Minister Giorgos Lakkotrypis said on Friday. His announcement was made after a meeting of ENI’s CEO, Claudio Descalzi, …

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Greek Cypriots need mentality transition, Akıncı says

Original article.

“Who ever wants a solution in Cyprus, they will accept that there is an equal entity in Cyprus, even if it is not recognized,” Akıncı added. Akıncı said Turkey would be the shortest and cheapest route to ship natural gas reserves in the eastern Mediterranean. “Everybody will win from solution and peace but …

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Door still open for East Med-Egypt gas

Original article.

On 14 November, Egypt’s oil minister Tarek El-Molla, told Bloomberg that “Egypt will stop importing liquefied natural gas in 2018 and may eventually export gas“. This statement appeared to signal an end to the prospect of Eastern Mediterranean gas exports—from Israel and Cyprus—finding a market in …

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Eni Updates Cyprus on Drilling Plans

Original article.

Eni said it and partner Total are planning to start exploration drilling by the end of this year in block 6 of Cyprus‘ exclusive economic zone (EEZ). The duo had disappointing results from a recent block 11 well. The Italian firm disclosed this November 24, adding a first well on block 6 will happen just nine …

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ENI to Drill 2 Wells off Cyprus in Next 2 Months

Original article.

ENI’s top executive says the Italian oil and gas company will drill two exploratory wells off Cyprus over the next two months, expressing confidence that … potential gas deposits in the eastern Mediterranean with Europe, which is looking to diversify its energy sources amid increasing gas consumption.

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