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EU Commissioner, Cypriot and Greek Energy Ministers Discuss East Med Pipeline

The importance of the implementation of a natural gas corridor between Israel, Cyprus, Greece and Italy (East Med Corridor) for EU's energy security was discussed at the meeting that took place in Brussels between Commissioner for Energy Completion Maro Sefkovitc...

Endangered Cypriot Community

The Republic of Cyprus is entering into an unpredictable phase in its troublesome history. If the economic crisis was not bad enough, it is also facing constant provocation by Turkey while the bi-communal negotiations have come to a dead-end...

European Commission to Investigate Merger of Greek and Azeri Gas Transmission Companies

The European Commission has just started an in-depth investigation in order to assess whether the proposed acquisition of Greek public gas transmission system operator DESFA by the State Oil Company of Azerbaijan Republic (SOCAR) is in accordance with the...

EU Leaders Concerned About Cyprus-Turkey Relations

At an EU draft summit on Thursday, European Union leaders decided to issue a call to Turkey to respect Cyprus’s sovereign rights. The move comes after fresh tensions broke out between the two countries in regards to oil and gas...

Gazprom's "Plan B" for South Stream Pipeline

Russian business newspaper Vzglyad published an article by journalist Oleg Makarenko, claiming that Gazprom has a “plan B” in case Bulgaria continues to obstruct the construction of the South Stream pipeline. The newspaper published an article suggesting that the Kremlin-favored...

Italy's Enel Applies to Search Greece For Oil and Gas

The Greek Ministry of Environment, Energy and Climate Change received yesterday three applications for hydrocarbon exploration in the regions of western Greece and Epirus. All three applications were submitted by the Italian energy group Enel, and they concern three separate...

Noble Reduces Gas Estimate in Block 12 off Coast of Cyprus

Noble Energy Inc. reduced the amount of natural gas it estimates is present in a field off the coast of the Republic of Cyprus after getting results from an appraisal well in Block 12. The gross resources of the field...

Greeks Will Stay Home for Easter This Year

In Greece, Easter is as big as the Christmas holiday in the UK or the USA. It's the biggest festival of the year, a major religious celebration characterized by fasting, church-going and big family meals in the town. However, this...

Seventeen Firms Express Interest in Gas Company Sale

Seventeen firms expressed initial interest in the privatisation of Greek natural gas company DEPA, one of the country's major assets to go on the block to help pay down public debt, its privatisations agency (HRADF) said on Friday. The agency...

Secret Conversations of Papandreou about Gas

The magazine “Epikaira” brings to light secret communications of the Greek Prime Minister with Israel and USA regarding the exploitation of oil and gas resources as a possible solution to the economic crisis. The Exclusive Economic Zones with Cyprus...