Gas | Tags | Econostrum | Economic News in the Mediterranean

Lebanon will be able to extract its own natural gas

09/20/2022 | Industry

LEBANON / ISRAEL. Negotiations on maritime boundaries between Lebanon and Israel are expected to end soon with an agreement allowing Beirut to extract natural gas from an offshore field.

Cyprus' Aphrodite gas field secures financing for its first drilling

09/20/2022 | Industry

CYPRUS. The partners of the Aphrodite gas field approve a $192 million financing that will allow the drilling of a first well in this very promising field.

European Commission calls for emergency intervention in energy markets

09/15/2022 | Society / Institutions

EU. In her State of the Union address, Ursula von der Leyen, President of the European Commission, proposed a new emergency package for European energy markets in response to recent dramatic increases in energy prices.

energy, EU, European Commission, European Union, gas, Kadri Simson, Putin, Russia, Russian gas, state of the union address, Ukraine, Ursula von der Leyen

Eni acquires BP's activities in Algeria

09/08/2022 | Industry

ITALY / ALGERIA. Eni announces the acquisition of the activities of the British BP in Algeria (BP.L), including the gas fields of In Salah and In Amenas in the south of the country.

Abdmaldjid Tebboune, Algeria, Anja-Isabel Dotzenrath, Berkine, BP, BP Africa, Claudio Descalzi, Eni, Equinor, gas, In Amenas, In Salah, Italy, Karim Alaa, Sergio Mattarella, Sonatrach

Emmanuel Macron on "friendship visit" to Algiers and Oran to renew France's ties with Algeria

08/24/2022 | Society / Institutions

ALGERIA / FRANCE. The president of the French Republic visits Algeria for three days to renew ties with the country and meet with the Algerian population, especially the youth.

TotalEnergies and Eni make new "significant gas discovery" offshore Cyprus

08/23/2022 | Industry

CYPRUS. In two separate press releases published on Monday 22 August 2022, TotalEnergies and Eni announce a "significant gas discovery" in Cyprus...

Spain and Portugal support a gas pipeline project between the Iberian Peninsula and Central Europe

08/18/2022 | Society / Institutions

SPAIN / PORTUGAL. Berlin's idea of building a gas pipeline linking Spain to Central Europe is appealing to the leaders of the Iberian Peninsula. The MidCat project for a gas pipeline across the Pyrenees is revived.

EU member states agree on plan to reduce gas consumption

07/28/2022 | Society / Institutions

EU. In order to respond to the decline in Russian gas supplies, the Council of the European Union adopts a European Commission proposal to organise a coordinated reduction in gas consumption in the 27 Member States.

Sonatrach, Occidental Petroleum, Eni and TotalEnergy to drill 100 oil wells together in Berkine

07/20/2022 | Industry

ALGERIA / ITALY / FRANCE. The Algerian Sonatrach signs a "production sharing" contract with the American Occidental Petroleum, the Italian Eni and the French TotalEnergies.

Engie and Sonatrach extend their gas supply agreement

07/07/2022 | Society / Institutions

ALGERIA / FRANCE. Sonatrach and the French energy group Engie are extending their natural gas purchase and sale agreement and want to extend it to LNG.

Spain delivers gas to Morocco via the Maghreb Europe pipeline

07/05/2022 | Transport

MOROCCO/ALGERIA/SPAIN. Eight months after Algeria stopped its gas exports via the GME to deprive Morocco of this source of energy, Spain is reviving the pipeline to deliver gas to the kingdom, this time in the north-south direction.

Algeria, Algerian gas, gas, GME, Maghreb Europe pipeline, Morocco, Spain

EU legislates to ensure no gas shortages this winter

06/28/2022 | Society / Institutions

EU. The European Council definitively adopts a regulation on gas storage aimed at securing the energy supply of Member States in the face of the threat of shortages caused by the war in Ukraine.

Cyprus, energy, EU, European Commission, European Council, European Parliament, European Union, gas, Ireland, liquefied natural gas, LNG, Malta, Ukraine

Algiers castigates EU intervention in its bilateral dispute with Spain

06/14/2022 | Society / Institutions

ALGERIA / SPAIN. Despite the suspension of a friendship and cooperation treaty, the Algerian government assures that this decision will not affect gas deliveries to Spain.

Algeria, Algiers, Brahim Ghali, EU, European Union, gas, hydrocarbons, Josep Borrel, José Manuel Albares, Madrid, Polisario Front, Ramtane Lamanra, Spain, Valdis Dombrovskis, Western Sahara

European Commission and industry join forces to produce more clean hydrogen

05/10/2022 | Environment

EU. The European Commission and twenty CEOs of electrolyser companies sign an agreement to increase electrolyser production capacity in the European Union by a factor of ten.

Brussels, EIB, electrolysers, energy, environment, European Alliance for Clean Hydrogen, European Commission, European Investment Bank, Frans Timmermans, gas, Green Deal for Europe, Hydrogen Europe, REPowerEu, Russia, Thierry Breton, Ursula von der Leyen

Gas further cools relations between Algeria and Spain

04/28/2022 | Industry

ALGERIA / SPAIN / MOROCCO. Relations between Algeria and Spain, disrupted since March 2022, are experiencing a new episode of tension as Madrid wants to send back to Morocco part of the Algerian gas it receives.

Libya's political crisis spills over into oil production

04/21/2022 | Industry

LIBYA. The political dispute between Libya's two rival prime ministers is now impinging on the country's economy itself because of the blockage of the oil infrastructure, which accounts for 97% of state revenue.

The Eastern Mediterranean becomes a new gas province

04/05/2022 | Society / Institutions

MEDITERRANEAN. The problem of gas resources in the Mediterranean, but also of their sharing, was invited to the 11th Cybèle meeting in Marseilles whereas the decision of the European Union not to be supplied with Russian gas imposes to find other solutions.

Albania, Algeria, Ankara, Azerbaijan, Croatia, Cyprus, EastMed, EEZ, Egypt, Eni, EU, Euromed-IHEDN, European Union, France, Francis Perrin, gas, gas industry, gas pipelines, Gaza, Greece, GZ4, hydrocarbons, Institut des relations internationales et stratégiques, Iris, Israel, Italy, Lebanon, Libya, Marseille, Medgaz, Mediterranean, Middle East, Morocco, Nicosia, Oruç Reis, Paris, PCNS, Policy center for the new south, Rabat, Rencontre internationale de Cybèle, RTCN, Russia, Russian gas, Serbia, Slovenia, Sonatrach, Spain, Syria, TAP, TotalEnergy, Toufik Hakkar, Trans-Adriatic Pipeline, Transmed, Turkey, Turkish Republic of Northern Cyprus, Ukraine, UN, UNCLOS, United Nations Convention on the Law of the Sea, Yves Lacoste, Élie Jarmache

Larache natural gas field in Morocco shows great promise

04/05/2022 | Industry

MOROCCO. The latest analyses of the Chariot Oil & Gas field, located off the town of Larache, reveal a natural gas of excellent quality with methane gas present at more than 96% in the seven reservoirs inventoried.

Adonis Pouroulis, Anchovies, carbon dioxide, Chariot Oil & Gas, energy, gas, hydrocarbons, hydrogen sulphide, Larache, Lixus, Morocco, natural gas, Office national des Hydrocarbures et des Mines, ONHYM, Stena Don, Tangiers

The end of Russian gas in Europe reshuffles the cards in the Mediterranean

04/05/2022 | Industry

MEDITERRANEAN. In addition to the general price increase that will impact everyone, the halt in Russian gas exports to Europe will penalise Italy, Greece, Serbia and Slovenia. It could also be a great opportunity for Algeria and Egypt.

Algeria Egypt, Europe, floating LNG terminal, France, gas, Greece, Italy, liquefied natural gas, LNG, Mediterranean, pipeline, Russian gas, Russian gas exports, Serbia, Slovenia, Southern Europe

The European Commission recommends joint gas purchases at EU level

03/24/2022 | Services

EU. The European Commission has presented a series of ideas for collective action to ensure security of supply and reasonable prices for gas in the European Union in the face of threats from the war in Ukraine.

COvid-19, dollars, EU, European Commission, European Union, euros, gas, hydrocarbons, hydrogen, LNG, Ukraine, USA, Vladimir Putin