East Mediterranean Energy - The New Oil and Gas Order
Natural Gas findings in the East Mediterranean are changing the Energy landscape of the region. On the one hand, countries who used to import Natural Gas including Cyprus and Israel are now discussing ambitious projects for gas export. On the other hand, after decades of living under oppressive dictatorships, the people of Egypt want their gas to serve their rising domestic needs. Egypt is facing an energy crisis and do not have surplus gas for export.The Egypt Gas Puzzle series was created in March 2014 to highlight the geopolitics of Egyptian Natural Gas development and to document a revisited strategy for monetizing gas discoveries in the Eastern Mediterranean that includes the new Egypt.
Reversing the Flow article was published on April 2nd, 2014, to explain how can Egypt's idle gas export infrastructure serve the energy security needs of Egypt and the region. Gulfoilandgas.com analysts studied multiple routes to suggest the construction of a new "Hope pipeline" for monetizing gas discoveries offshore Cyprus.
On November 25th, the plan for a new Gas Pipeline from Cyprus to LNG plants in Egypt was announced at a tripartite Egyptian-Cypriot-Greek meeting in Cyprus. The move echoed Gulfoilandgas.com strategy proposed in early 2014, which described how Cyprus could send natural gas from its Aphrodite field (Block 12) by a 180 km undersea pipeline to Damietta LNG in Egypt.
The recent political developments in East-Med confirm our views concerning the importance of the inclusion of Cyprus in strategic gas deals with Egypt . Now, with the New Egypt back to the scene, it seems that there are other alternatives for regional cooperation in the Eastern Mediterranean more inclusive than the “Corridor” concept promoted during the last few years. This zone provides an overview on regional developments in the East-Mediterranean and proposes a critical discussion of the Natural Gas trade opportunities and risks.
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Egypt >> 9/19/2018 - The Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla, signed an agreement on September the 19th, to establish the... |
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Egypt >> 5/14/2018 - Last week, the Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla, agreed to establish the hope pipeline, which sha... |
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Egypt >> 2/28/2018 - Unlike other commodities, exporting natural gas is an extremely expensive decision. Emerging producers in East Mediterranean have to build multi-billion dollars projects and wait few years before gett... |
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Egypt >> 9/7/2016 - Last week, the Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla, signed the first agreement which will allow the ... |
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Egypt >> 9/3/2015 - On August 30th, Eni announced the discovery of Zohr, the largest ever natural gas field in the Mediterranean, at approximately 180 kilometers off the coast of Egypt. Zohr supergiant gas field lies wit... |
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Egypt >> 12/24/2014 - The significance of monetizing gas discoveries in the Eastern Mediterranean using a marine pipeline between Egypt and Cyprus is finally appreciated by government officials on both sides. Imported Natu... |
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Egypt >> 11/26/2014 - For the last few years, Israel, Turkey and a number of European countries led an aggressive campaign to define the so called Eastern Mediterranean Energy Corridor: a strategic system for securing East... |
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Egypt >> 9/11/2014 - President Abdel Fattah Al-Sisi has issued a presidential decree that ratifies the previously signed framework agreement between Egypt and Cyprus on the joint exploitation of hydrocarbon reserves, on t... |
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Egypt >> 7/9/2014 - A blowout preventer is a device used to avoid a potentially catastrophic event known as a blowout and to control extreme pressures emanating from oil and gas reservoirs. Blowout preventers are critica... |
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Egypt >> 6/22/2014 - Our article published on April 2 about “Reversing the Flow” concluded that Egypt's gas export infrastructure represents an excellent opportunity to achieve energy security for Egypt and the region. “R... |
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Egypt >> 6/16/2014 - This is the first part of two-part article. Part 1 talks about the regional and global energy and geopolitics dynamics. Part 2 focuses more on the role Cyprus, Egypt, Lebanon as key countries in the... |
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Egypt >> 6/16/2014 - This second part highlights the gaming both Cyprus and Egypt are subject to by international energy players and how feasible it is to create an inclusive energy model that takes care of the domestic n... |
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Egypt >> 4/15/2014 - In our coverage of the "Egypt Gas Puzzle" series, we kept looking for answers to few questions. What are the root causes of the Energy crisis? Why failure in Mega Projects in Egypt is becoming a pheno... |
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Egypt >> 4/9/2014 - The paramount pressure of international energy security especially escalating global demand and its geo-political complications leave no room to undermine the ramifications of escalating domestic dema... |
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Egypt >> 4/2/2014 - This is the third in a series of articles written about "Egypt Gas Puzzle". The first article appeared in Gulfoilandgas.com on March. 13 and describes the idle Natural Gas Export Infrastructure in Egy... |
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Egypt >> 3/23/2014 - The significance of East Mediterranean energy region has been continuously escalating in association of key European Union countries active in securing its energy security and the U.S. active in susta... |
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Egypt >> 3/20/2014 - This is the second in a series of articles about "Egypt Gas Puzzle". The abandoned Natural Gas Export Infrastructure in Egypt, was described in the first article of the series. In the post revolution ... |
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Egypt >> 3/13/2014 - Unlike other commodities, exporting natural gas is a very expensive decision. Because of the high risk involved, gas producing countries need to make sure they have long lasting enough surplus before ... |
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