Cyprus-Forum.com

[kimon07]

Apolowogies for posting the vid in the other thread... didn't see it on this one...

... still it's such a brilliant vid it's worth two threads...

Oh ... and for turkish-speakers... news of a tiny bit of reaction amongst the predominantly massive silence in "trnc" ...

Poor Mr. Kanli wrote day before yesterday in Hurriyet:

The presumed new axis in Cyprus
YUSUF KANLI
[email protected]

It is becoming clearer that the “gas” hopes of the Greek Cypriot side have started to evaporate with many reliable reports stressing the amount of “recoverable” gas at the so-called Aphrodite field, or block 12, will be a fraction of the original high expectations… That is, it is becoming clearer to everyone that construction of LNG plants or building a pipeline through the Mediterranean to Greece will not be feasible at all. That is excluding the already expressed Turkish proposal to “buy” all the Greek Cypriot gas for its domestic consumption and re-export any excessive amount to Europe. There is no economically viable way out to convert “Aphrodite gas” to much needed hard currency to finance the worst economic crisis of the island as well as the resolution of the Cyprus problem. The Turkish purchase, of course, is preconditioned on Greek Cypriots conceding a share of the offshore gas to Turkish Cyprus.

Read more of the article and the comments of the readers here:

http://www.hurriyetdailynews.com/the-pr ... sCatID=425
And the comments of the readers:

[Get Real!]

I haven’t come across anything that undermines hydrocarbons quantities so I don’t know what on earth Kanli has been reading but if the accuracy of his past articles is anything to go by I wouldn’t worry too much about his most recent claims.

[bill cobbett]

I haven’t come across anything that undermines hydrocarbons quantities so I don’t know what on earth Kanli has been reading but if the accuracy of his past articles is anything to go by I wouldn’t worry too much about his most recent claims.

Absolutely... and the whole point of these current tests (and the flaring is a by-product), is to determine real quality, real quantity and real flow-rates.

Kanli makes it up, cooks it to orders from the Turkish Propaganda Agencies.

Also interesting today and it's no coincidence, and as another attempt at a spoiler to the exciting news on the gas flaring, the Turkish Propaganda Agency AA publishes a press release claiming that contracts have been awarded for "project of the century"...

... as ever, it costs next to nothing to issue press releases and get hacks like Kanli to write spoilers... in the hope of keeping the Mushrooms happy in the face of very real and massive achievements by the Republic on the gas front.

There's prob a team at AA that orchestrates these things.

[kimon07]

Cyprus Potential Vast Natural Gas Reserves on the Table

[quote]Cyprus is making headlines these days due to its centrality in the EU banking and debt crisis, but it’s also one of the few areas in Europe where potentially vast unexplored natural gas reserves are to be found offshore.

In a recent international energy seminar organized by the Greek Institute of Energy of South East Europe (ΙΕΝΕ), interesting facts and data were presented by scientists and market experts that shed light to a series of fascinating developments that will shape to an extent the energy game in Europe.

Presently six sea blocks of Cyprus have been awarded for research to international companies (Blocks: 2, 3, 9, 10, and 12). The President of the Cyprus agency for hydrocarbons (KRETYK), Charalambos Ellinas, stated that his organization estimates around 40 trillion cubic feet could be found only in these 6 blocks and that by 2020 the country could export around 2 trillion cf per annum to world markets, an impressive amount, enough to cover the needs of a country like France. Already French Total, Italian Eni and Korean KOGAS have bought research and exploration rights and Noble Energy in Block 12 has made the first discovery of an estimated 3.5 TCF. The total capital expenditure for the six blocks over the coming years is estimated at $2 billion and Ellinas also commented that his agency assumes that block 9 (to be researched by Total) most probably contains twice as much gas as the 12 one.
http://www.naturalgaseurope.com/cyprus- ... s-reserves

[kimon07]

Bloomberg.

Cyprus Studies LNG Export Expansion Beyond $12 Billion Terminal
By Anna Shiryaevskaya - Jul 12, 2013 1:09 PM GMT+0300

Cyprus, the Mediterranean island that reported its first offshore natural-gas find in 2011, is studying an expansion of planned export capacity to help revive economic growth.

The country may build as many as five liquefied natural gas production lines, or trains, in addition to a planned $12 billion, three-train terminal near Limassol, according to Cyprus National Hydrocarbons Co., in charge of all gas developments. Extra gas for the plants could come from nearby countries.

http://www.bloomberg.com/news/2013-07-1 ... minal.html

[kimon07]

ENERGY VISION
13 September 2013 19:43

NEW YORK - Cypriot Minister of Energy, Commerce, Industry and Tourism Giorgos Lakkotrypis, addressing the German Marshall Fund think tank in Washington, said Cyprus` vision was to become an energy centre in the Eastern Mediterranean, contributing to the geopolitical stability and economic growth in the region.

He also said Cyprus, as the easternmost point of the EU, could act as a link between Europe and Asia.

........He said Cyprus` strategy was based on the viable exploitation of hydrocarbon deposits, the installation of a gas liquefaction station that will serve neighbouring countries, the attraction of foreign direct investments with Cyprus being a base for companies providing relevant services to neighbouring countries and the transformation of the economy into a knowledge-based economy concerning natural gas issues, and the establishment of Cyprus as a regional liquefied fuel centre.

Replying to questions, Lakkotrypis said the hydrocarbons have been excluded from Cyprus` bailout agreement with the Troika of international lenders, at the request of the government, in order to protect the predicted revenue, to secure stability and to attract foreign investments, noting that this income was not expected to pull Cyprus out of the recession, since it was not expected before 2020.

........Asked about the hydrocarbons in relation with the Cyprus problem, Lakkotrypis said the two were not linked, noting that Cyprus could not be held hostage of its political issue and not promote its strategic interests.

http://incyprus.philenews.com/en-gb/Cyp ... rgy-vision

[repulsewarrior]

The latest drama brings rumours of a large gas discovery off Cyprus. Named after the nymph who detained the hero Odysseus for seven years, the Calypso field may in fact have the magic to release the Cypriot gas industry.

https://www.thenational.ae/business/cyp ... r-1.701572

Meanwhile Israel developed its fields for its own use, but has far more gas than it needs and has struggled to find export markets. It could not reach Turkey, since Lebanese and Syrian territory is barred to it. In any case, relations with Ankara have been rocky. Noble has begun sending limited amounts of gas from Israel to Jordan, but discussions over exports to Egypt have not led to a deal. The development of Zohr, which began producing in December, has reduced the urgency for Cairo, which hopes to eliminate its need for LNG imports this year.

BG, now owned by Shell, bought a stake in Aphrodite in 2015. It hoped to bring gas to its plant at Idku near Alexandria, which has been almost unused due to shortages of Egyptian gas, liquefy it and re-export it. But Eni would probably rather use Zohr’s infrastructure to bring gas from other fields it owns to the Damietta LNG plant in which it and Zohr partner BP hold shares, rather than helping Noble and Shell.

This possibility was boosted in December. After years in a political labyrinth, Lebanon finally managed to award two offshore blocks to a consortium of Total, Eni and Russian firm Novatek, which hopes to drill next year. Israel described the tender as “very provocative”, as the countries have a disputed maritime border, which one of the blocks adjoins. Without diplomatic relations, they cannot even negotiate a resolution. But Lebanon’s good relations with Cyprus means that it could use the island as a hub if it makes a large discovery – or, if the Syrian civil war permits, it could build a pipeline to Turkey.

...note that BP is a partner in Zohr, the Russians while not in Cyprus are in Lebanon, and that Shell is also well placed, along with Eni and Total.

Turkey may explore for oil itself, likely soon, yet a player like BP may risk joining their search (having expressed this capacity to the British Foreign Office); exploiting any significant find is still a long way away.