Related Articles
Cyprus LNG Egypt Israel Turkey
Gerald Butt
Nicosia
29 April 2019
Forward article link
Share PDF with colleagues

Cyprus ponders gas monetisation options

New natural gas discoveries offshore Cyprus have revived the possibility of the island hosting an LNG plant

Cyprus is finally in a position where it can realistically start exploring a number of ways of getting natural gas to market. Seven years after the first discovery in Cyprus' offshore economic exclusion zone (EEZ) — the Aphrodite field in Block 12 (4.5tn ft3 of gas in place) — the island has notched up two more finds. Last year, an Eni-Total consortium struck gas at Calypso in Block 6 (estimated 3-5tn ft3). The most recent newcomer is Glaucus-1 (5-8tn ft3) in Block 10, discovered by ExxonMobil, partnered by Qatar Petroleum. Energy minister Yiorgos Lakkotrypis, addressing Gulf Energy's Eastern Mediterranean Gas Conference in Nicosia in early March, said the "quality of the reservoir in Bloc

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Investors unfazed by Vietnamese challenges
29 November 2021
Foreign companies are enthusiastic about Vietnam’s LNG prospects, but risks persist
Deals booming in the Haynesville
29 November 2021
Strong global gas prospects and high-quality inventory are driving a big swing in M&A activity in the basin
Outlook 2022: Fossil fuels still have generation role to play
Outlook 2022
29 November 2021
Extreme price volatility as electricity systems adapt to greater intermittent renewable penetration serves as a reminder of the role legacy assets still have to play
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video