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Cyprus signs LNG plant MoU with Noble, Delek and Avner
Cyrus Mail ^
| June 26, 2013
| Cyrus Mail
Posted on 06/26/2013 6:54:06 AM PDT by haffast
Cyprus and a US-Israeli partnership on Wednesday signed a statement of intent for the development of a natural gas liquefaction plant on the island. The parties are the Cyprus state, Noble Energy International, and Israel’s Delek Drilling and Avner Oil Exploration Limited Partnership. It is hoped the preliminary accord will lead to a final agreement in the future setting up a joint venture between the parties – a special-purpose vehicle seeking investors for the estimated €7 to €8bn LNG plant.
“The signing of the memorandum between the Republic of Cyprus and the three companies represents the next milestone on the road map for the exploitation of indigenous gas reserves in Cyprus’ Exclusive Economic Zone,” Minister of Commerce and Industry Giorgos Lakkotrypis said addressing the official ceremony which took place at the Filoxenia conference centre, in Nicosia.
The LNG plant will be built at Vasilikos.
He also said that the LNG plant will constitute “the fundamental and necessary infrastructure that will allow for the export of Cypriot natural gas to the European and global markets”.
snip
US and Israeli Ambassadors in Nicosia John Koening and Michael Harari were also present at the event.
TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: carbontax; energy; israel; lng; naturalgas; opec; peaceandsecurity; russia; us
Total signs outline deal on Cyprus LNG facility: sources 26 June 2013
"Shipment of Cypriot gas by pipeline eventually could be possible, but in the shorter term Cyprus aims to start building an LNG terminal by early 2016 and start LNG exports from 2019."
http://www.cyprusgasnews.com/archives/2824
Military agreement (Cyprus/Russia)
22 June 2013
"Moscow and Nicosia have reached an agreement over the use of the “Papandreou” air base in Paphos, in a similar arrangement that was agreed with France and Germany."
"The agreement will become effective immediately and be formally ratified when Russian President Vladimir Putin and President Nicos Anastasiadis next meet. The exact date for their meeting has yet to be finalised."
http://www.cyprusgasnews.com/archives/2808
1
posted on
06/26/2013 6:54:06 AM PDT
by
haffast
To: haffast
The new conservative president is making a wise move not only with their country resources - they’ll also have Russian/Israeli protection which they need at this point in time.
2
posted on
06/26/2013 7:12:54 AM PDT
by
bronxville
(Margaret Sanger - “We do not want word to go out that we want to exterminate the Negro population,Â)
To: haffast
Any FR have a map that can be posted showing the Cyprus division and the location of its oil field.
3
posted on
06/26/2013 9:03:52 AM PDT
by
mosesdapoet
(Serious contribution pause.Please continue onto meaningless venting no one reads.)
To: mosesdapoet
- - - - - - - - - - EXCLUSIVE ECONOMIC ZONES (EEZ)
4
posted on
06/26/2013 10:03:17 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: mosesdapoet
5
posted on
06/26/2013 10:05:56 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: mosesdapoet
6
posted on
06/26/2013 5:49:09 PM PDT
by
haffast
(Books serve to show a man that those original thoughts of his aren't very new at all. -Abe Lincoln)
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