Archive for Greece

Cyprus-Greece pipeline ‘not viable’

PIPING gas from Cyprus to Greece and then onto European markers would not be commercially viable, the consensus seemed to be yesterday among businesspeople, financiers and analysts at the 2nd Cyprus Energy Forum in Nicosia. Anthony [...]

Greek natural gas reserves could reach 427 bln euros according to Deutsche Bank report

Undersea natural gas reserves south of Crete could reach an estimated value of up to at 427 billion euros, according to a Deutsche Bank report published in November . The German lender’s report notes that the [...]

Israel Finds $240 Billion Gas Hoard Stranded by Politics: Energy

Israel, reliant on imported energy since the state’s foundation in 1948, now has more natural gas than it can handle. Noble Energy Inc. (NBL), Delek Group Ltd. (DLEKG) and other explorers have discovered enough gas under the Mediterranean [...]

South Stream Shifts Priorities

Recent information regarding the ongoing Southeastern and Central European natural gas pipeline project of South Stream, point out that a significant shift in priorities is in motion. More specifically, the Head of the Project Management Department of Gazprom, [...]

Israel, Greece, Cyprus mull energy corridor

The object is to facilitate future gas exports to Greece from Israeli and Cypriot reserves. Israel, Greece and Cyprus are to set up working groups to examine the possibility of a power cable and an energy [...]

Gas licences given to four companies

FOUR licences for gas exploration in offshore blocks were announced by the government last night as part of the second licensing round launched in February. The blocks for which the licenses have been awarded are: 2, [...]

Gas-run cars move a step closer

A GREEK company specialising in converting cars to run on liquefied petroleum gas (LPG) yesterday presented its credentials in Nicosia to potential investors and the public, expounding on how they stood to benefit. The cabinet last [...]