Cyprus-Israel

3.2.2025 Philenews reported that the procurement and installation of equipment deemed necessary to be added to the Prometheus ship, so as to be certified in the future as a floating storage and regasification unit for liquefied natural gas (FSRU), could require 8 months. This means the plan of transporting it...

31/01/25 ENERGY NEWS There was a debate in Turkey’s parliament concerning drilling work being carried out by ExxonMobil and QatarEnergy in Block 5 of Cyprus’ exclusive economic zone (EEZ). Ruling AK Party deputy leader Leyla Sahin Usta explained that according to maritime claims recognised by the Turkish government, Block 5 belongs to Egypt and not...

During the last year, due to the failed attempts to create a government in Israel, the parliamentary committees were inactive; with only the Finance Committee being allowed to continue working in order to deal with issues such as the annual budget and the possibility of having control over the budget...

In recent weeks, the Persian Gulf was the scene of violent events that are viewed as acts of aggressive offensive by Iran in response to US sanctions, and it is obvious that the tension influences the energy market. However, the price of crude oil did not rise as expected. The...