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natural gas

EU Approves Greece-Bulgaria Gas Pipeline

The European Commission has made a decision regarding the Greece-Bulgaria Interconnector (IGB) gas pipeline, finding that the plans for its construction and operation were compatible with EU rules on state subsidies. Greek Environment and Energy Minister George Stathakis welcomed the...

Turkish Vessel ‘Fatih’ To Begin Drilling in East Mediterranean

Turkish Energy Minister Fatih Donmez has announced that the Turkish drilling vessel "Fatih" ("Conquerer") will begin drilling operations in the eastern Mediterranean Sea on Wednesday. The first area where the vessel is expected to drill is located 100 kilometers (62...

'We Will Continue the Gas Drilling Work around Cyprus' Cavusoglu Says

Turkey will not stop the natural gas and oil drilling work around Cyprus, having in mind that we need to share the resources fairly, Turkey's foreign minister Cavusoglu said on Tuesday. "Turkey will not allow any unilateral activity. We need...

EU Warns Turkey To Stay Away From Friction In Cyprus’ EEZ

The European Commission reminds Turkey of the March European Council statement - the highest ranking body within the European Union - on the right of the Republic of Cyprus to explore and exploit its natural resources, including the Exclusive...

Greece's Gas Company Signs Major Deal For Alexandroupolis' Terminal (Photos)

Greece's Public Gas Company (DEPA) signed a deal with Gastrade S.A. for a LNG (Liquefied Natural Gas) terminal in Alexandroupolis on the sidelines of the Southeast Europe Energy Forum. The forum was organized by the American-Hellenic Chamber of Commerce, in...

Turkish Cypriots Fume at Being 'Disregarded' from Gas Finds

Cyprus should not be able to undertake natural gas exploration without the support of Turkish Cypriots, it was claimed on Monday. Kudret Ozersay, a minister in the northern Cyprus administration, said "unilateral" activities in the Mediterranean could not go on...

Greece, Cyprus, Italy, Israel, EU to Sign on Gas Pipeline Development

A memorandum of understanding (MOU) for the construction of the world’s longest underwater natural gas pipeline is to be signed by the the energy ministers of Israel, Cyprus, Greece, Italy and the European Union on Tuesday. The MOU, to be signed...

Final Bids for Greek Gas Grid Sale Expected by Year's End

The Greek government wants to get binding offers from investors shortlisted for a 66% stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday. Under the terms of...

Cyprus Natural Gas Exploration 'Going as Planned'

The Cypriot government announced on Monday that the natural gas exploration was going as planned, with results expected in the autumn. “What I can tell you with certainty is that everything is going as planned,” government spokesman Nicos Christodoulides told...

Israel's Oil Refineries in Discussions to Possibly Buy Gas from Greece's Energean

On Sunday Israel's Oil Refineries (ORL) announced it is engaging in discussions to buy 17 billion cubic meters of natural gas from the Greek exploration and production firm Energean, for an undisclosed price, Reuters reported. ORL is negotiating non-binding memorandums...