Archive for 'Tag Archives: 'Cyprus''
Cyprus gas has a major role in weakening Russia exports
Cyprus could use its reserves of gas to meet up to 40% of Europe’s additional gas needs over the next decade, helping to curb the European Union’s reliance on Russia, the head of the island’s national gas [...]
Obama, Erdogan to discuss Cyprus
WASHINGTON – The Cyprus issue will be on the agenda of the talks between US President Barack with Turkish Prime Minister Tayip Erdogan at the White House. According to State Department sources, the Cyprus issue is [...]
Cyprus and Greece coordinate actions in energy issues
The governments of Cyprus and Greece coordinate their efforts in energy issues and in this framework the Energy Ministers of the two countries met Tuesday in Athens to discuss their next steps. Cyprus Energy Minister George [...]
Cyprus banks look beyond bailout to gas opportunities: industry head
(Reuters) – Cyprus must swiftly recapitalize its banks following the island’s bailout so they can begin lending again, the head of its banking association said, adding that offshore gas could be the economy’s new engine. Under [...]
Electricity cash would arrive quicker than gas
AN ISRAELI-led joint venture’s proposal to produce and export lucrative electricity from possible gas reserves within offshore Block 3 is being “considered” by the government, the Sunday Mail has been told. The venture had bid for [...]
Kasoulides: Euro exit considered
Foreign Minister Ioannis Kasoulides has admitted Cyprus seriously considered leaving the eurozone in an interview with American newspaper Washington Post. According to the interview the country’s leaders discussed severing ties with the 17-nation currency union for [...]
Money laundering returns to agenda
According to a report in today’s Phileleftheros a number of additional conditions will be discussed at Monday’s scheduled Eurogroup meeting including the issue of money laundering in Cyprus, following the delivery of a three page troika [...]
Cyprus needs to invest in oil and gas education
CYPRUS needs to invest in education in the field of oil and gas exploitation if it is to become a strong energy center in the Eastern Mediterranean. This was the message conveyed by a workshop held yesterday in [...]
Noble Energy: Appraisal well in Cyprus` block 12 first half of June
Noble Energy will drill an appraisal well in block 12 of Cyprus’ exclusive economic zone after the first half of June, with the process lasting up to three months, J. Keith Elliott, Noble Energy’s Vice President [...]
Israel, Cyprus cooperation could impact gas market
Only by combining their forces will Israel and Cyprus be able to make a significant dent in the global natural gas economy, the Cypriot energy minister stressed on Tuesday. “We feel that through a close collaboration [...]
Church to create new jobs
PAPHOS – The Church of Cyprus is planning development projects worth millions of euros that will create thousands of jobs, Archbishop Chrysostomos said on Monday. Speaking on the sidelines of a visit to Paphos hospital, he [...]
Cyprus-Israel boost ties
NICOSIA – President Anastasiades on Sunday described his three-day working visit to Israel as the “start of a new era in bilateral relations,” adding that he was “absolutely satisfied” with the talks he had earlier today [...]
Cyprus, Israel offshore gasfields to get navy protection
The protection of offshore gas facilities within the exploration areas between Cyprus and Israel is a top priority between the two countries, with their ministers of defence agreeing this week to raise their military cooperation to [...]
Benefits from oil could accrue earlier than gas
FOR THE past one and a half years natural gas has taken centre stage in the local media. Strikingly enough, energy developments in the eastern Med have garnered sustained international attention. To put things into context, [...]
Israel visit
NICOSIA – President Nicos Anastasiades is paying an official visit to Israel, on Sunday, where he will discuss with the Israeli political leadership the utilization of hydrocarbon reserves. In statements here today, President Anastasiades said that [...]
Parliament approves bailout deal with a majority vote
Parliament approved on Tuesday an EU bailout including provisions to impose substantial losses on bank depositors and wind down one of the island’s biggest banks. By a show of hands, 29 lawmakers approved ratification of the [...]
Study to determine overlap between DEFA and KRETYK
A STUDY is underway to assess the respective roles of the Natural Gas Public Company (DEFA) and the Cyprus National Hydrocarbons Company(KRETYK) and ensure there is no overlap, the energy and trade minister said yesterday. Giorgos [...]
‘Dirty money’ claims were just an excuse for bail-in
THE EUROPEAN Union, led by Germany, has made Cyprus pay dearly for its alleged money laundering transgressions but one leading anti-money laundering expert questions how the EU will ever repay Cyprus if those charges are proved [...]
Block 12 drilling
NICOSIA – Confirmatory drilling in block 12 of Cyprus` exclusive economic zone will begin as soon as the rig is transferred there, in mid- or late June, and is expected to be completed by October, Minister [...]
Syria’s energy: Mediterranean gas may be the prize
BEIRUT, Lebanon, April 24 (UPI) – Syria’s top rebel commander is reportedly seeking Western support for taking over oil fields held by Islamist factions but the real conflict over Syria’s energy resources is likely to be vast [...]
Cypriot bailout undermines confidence in the financial system, Putin says
Cypriot bailout undermines confidence in the financial system, Putin says Nicosia, Apr 23 (CNA) — The Cypriot bailout undermines confidence in the financial system, Russian President Vladimir Putin has said. On April l2 the Euro area [...]
Russia not to ‘risk’ Turkey for Cyprus
Russia will not put its relations with Turkey at risk by getting involved in big energy companies’ activities in oil and gas drilling off the coast of Greek Cyprus, Russian Energy Minister Alexander Novak has said. “There are still unsolved [...]
New gas chief
Nicosia —The new Executive Chairman of the Natural Gas Public Company (DEFA), following the dismissal of previous head Costas Ioannou, will be appointed soon, Minister of Energy George Lakkotrypis said. Speaking to the press, after a [...]
Creation of LNG plant looks certain
PRESIDENT Nicos Anastasiades is today likely to announce his government’s formal policy decision to press ahead with the construction of a liquefied natural gas (LNG) plant on the island. Sources told the Mail the decision was taken at [...]
Talk to Al Jazeera – Ioannis Kasoulides: Cracking Cyprus
Following the furor over the EU bailout, the Cypriot finance minister, Ioannis Kasoulides, talks about the island’s financial future. Video from Al Jazeera [...]
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