Cyprus

Egypt’s two idle LNG export terminals at Idku (operated by Shell) and Damietta (Eni-led Union Fenosa) remain the best options...

Houston-based Noble Energy is on track for end-2019 start-up at Israel’s 22tcf Leviathan field and is close to agreeing a first gas sales deal from Cyprus’ 5tcf Aphrodite.

Egypt this week signed a “historic” gas sales deal with Israel and is in talks to import Cypriot gas as...

Eni’s Calypso Cyprus discovery could be bigger than Zohr. Complex geology means more drilling is needed. But CEO Claudio Descalzi says at a minimum the field will be a Zohr tie-in, with a stand-alone Cyprus LNG project a real possibility. This would also boost development prospects for the 2011 Aphrodite discovery.

Despite a sizable gas find offshore Cyprus and Lebanon finally awarding exploration blocks after years of delay, not all is well under the Eastern Med sun.

If rumors of a 6-8tcf discovery on Block 6 are confirmed, Eni will likely look to a tie-in with its Egyptian Zohr field.

Greek firm Energean this week contracted Norway’s Stena Drilling to spud three wells in Q1 2019 on its Karish field...

A new drilling campaign has begun offshore Cyprus, much to Turkey’s chagrin.

Whilst 2017 bid rounds from both Israel and Lebanon can be considered flops, at least Lebanon has succeeded in drawing in heavyweights Total and Eni.