Tagged: gas

Azeri gas pipeline to start pumping gas by 2020

The Southern Gas Corridor will start pumping gas from the Caspian Sea to Europe by 2020, its backers said on Thursday, despite the risk of delays to this option for reducing dependence on Russia. Politicians and ministers meeting in Baku backed the $40 billion, 3,500-kilometer chain of pipelines, a step toward curbing Russia’s one-third share […]

Truck carrying propane overturns on highway, causing gas leak

Traffic police closed off a section of the national highway between Larissa and Volos in central Greece on Monday after a truck carrying propane overturned at the junction leading to the village of Niki. A contingent of the regional fire service was dispatched to the scene and covered the road surface with a special cooling […]

Energy giants to begin talks for Cyprus gas

Cyprus Energy Minister Giorgos Lakkotrypis said on Wednesday that Italy’s ENI, France’s Total, and Qatar Petroleum with American ExxonMobil – headed by US president-elect Donald Trump’s choice for secretary of state, Rex Tillerson – are the energy firms that will negotiate licenses to explore for oil and gas in three blocks within the island’s exclusive […]

Eight energy giants mull Cyprus gas exploration

Eight major energy firms have expressed interest in drilling for oil and gas off the coast of Cyprus, the government said Friday. Energy Minister George Lakkotrypis said there had been “strong interest from big companies” in obtaining rights to drill off the Mediterranean island, which hopes to become a regional energy player. Ahead of a […]

Cyprus begins new around of gas exploration

Cyprus on Thursday launched a third licensing round for offshore oil and gas drilling off the Mediterranean island’s southern coast. “The decision to launch this licensing round was based on the huge interest by international companies to carry out explorations offshore Cyprus despite the energy industry’s not-so-favorable conditions,” said government spokesman Nikos Christodoulides. Nicosia has […]