Cyprus: LNG plant construction depends on future gas discoveries

Cyprus LNG plant construction depends on future gas discoveries

Cyprus’ decision on building an onshore LNG plant to develop its offshore gas resources will depend on future gas discoveries.

This was stated on Monday by the country’s president Nikos Anastasiades during his press conference on the three years of his presidency.

He said that the results of the ongoing research programs or those of the news licences would be a decisive factor in implementing the strategic objective of building an LNG terminal in Cyprus and convert it into an energy hub.

As for the new licences mentioned, Anastasiades referred to the third offshore licensing round for hydrocarbon exploration the country launched on March 24, 2016. Three blocks are open for licensing, with the application deadline set for July 22, 2016.

Cyprus will be hoping to see more gas discovered within its exclusive economic zone, especially after Eni recently put the Mediterranean in the spotlight following the discovery of the giant Zohr gas field in Egypt in September 2015.

Cyprus government in June last year welcomed declaration of commerciality of the “Aphrodite” natural gas offshore field by the operator, Noble Energy.

Share this article

Follow Offshore Energy Today

Posted on April 19, 2016 with tags .

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply