Turkey’s Energy Minister Berat Albayrak is set to visit Israel by the end of this year to conclude an agreement for the building of a natural gas pipeline from the Jewish state to Turkey, the Israeli energy minister said on Wednesday. A visit by Albayrak, son-in-law of Turkish President Recep Tayyip Erdogan and a key … Read more
US giant ExxonMobil with Qatar Petroleum on Wednesday signed a licence to explore for oil and gas off the coast of Cyprus, and they expect to start drilling next year. The venture was selected as part of the island’s third licensing round to explore block 10. Cyprus Energy Minister George Lakkotrypis described as “immense” the … Read more
Italy, Israel, Greece and Cyprus pledged Monday to move ahead with the world’s longest undersea gas pipeline from the eastern Mediterranean to southern Europe, with support from the European Union. If carried out as planned, the long-discussed $6.2 billion pipeline would take gas from Israel and Cyprus’s recently discovered offshore gas reserves to Europe and … Read more