About: offshore gas Archives

Italy, Israel, Greece and Cyprus pledged today (3 April) to move ahead with the world's longest undersea gas pipeline from the eastern Mediterranean to southern Europe, with support from the European Union.

The president of Northern Cyprus said yesterday (4 January) that a historic opportunity "should not be lost" on the Cyprus reunification talks in Geneva next week, according to the Turkish daily, Sabah.

There is a risk for the realisation of the Trans-Adriatic pipeline (TAP), which is part of the Southern gas corridor, due to delays in issuing permits by the local authorities in the Italian region of Puglia, Vitaly Baylarbayov, deputy Vice President of SOCAR told EURACTIV in an exclusive interview.

The relations between Turkey and Israel have been marred since diplomatic relations broke down six years ago, after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. But huge offshore gas discoveries in the Israeli and Cypriot economic zone have become a game changer.

Cyprus will continue its project of developing offshore gas, keeping this dossier “completely separate” from the negotiations for the reunification of the island, the Cypriot Minister of Energy, Yorgos Lakkotrypis, said today (26 May).

France’s Total officially launched a mammoth new gas project in Britain's remote Shetland Islands yesterday (16 May), hailed by London as a "vote of confidence" in the flagging North Sea oil and gas industry.

Peace is within reach in Cyprus, US Secretary of State John Kerry said yesterday (3 December) as he watched children from both sides of the divided island play basketball together.

Italian energy group Eni says it has found one of the world's largest natural gas fields off Egypt's coast.

Energy ministers of Greece, Cyprus and Israel will hold talks with the EU next week to try to advance a plan for a pipeline linking newly-discovered gas riches in the eastern Mediterranean to Europe, Cyprus's energy minister said yesterday (2 December).

Recently discovered gas in Mozambique could transform the country into a major player in the world LNG market, speakers said at a public event in Brussels. But some of them warned against high expectations of prosperity and warned that revenues won’t come fast.

The EU proposed yesterday (21 February) its first law to regulate safety in offshore oil and gas drilling across the 27-member bloc and prevent any repeat of BP's catastrophic Gulf of Mexico spill.

Cyprus licenced Italy's ENI and South Korea's Kogas for offshore gas exploration yesterday (24 January), in a boon to an economy in line for an international bailout because of its exposure to debt-crippled Greece.

Offshore natural gas could dramatically change Greece's fortunes, should early estimates of €464 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras and seen by Reuters.

Ukraine has selected ExxonMobil and Royal Dutch Shell to develop its Skifska hydrocarbon field in the Black Sea, choosing the American and Dutch companies over Russia's Lukoil for the €8.15-billion project.