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NEWS ON THE ENERGY SECTOR IN THE MEDITERRANEAN
2 October 2017
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ENG
EBRD finances solar power plant in Egypt
The EBRD is continuing to roll out its US$ 500 million framework for renewable energy in Egypt by providing a US$ 28.5 million (€24 million equivalent) loan for the construction of a 50 MW solar plant in Egypt’s Aswan province. It will be built by Alfanar Energy, a Saudi-based construction and electric manufacturing company.
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21 September 2017
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ENG
No Changes In The Spanish Electricity Market; Chronic Overcapacity Will Remain
Spain’s energy minister, Alvaro Nadal, has explained current week in a meeting with companies from the sector that he is betting on a mix of competitive electricity generation which takes advantage of all kinds of technology.
The government’s goal over the coming years is “to provide security of supply, reach a level of price efficiency for the consumer and meet environmental commitments.” All of that, with the best generation mix, taking into account the advantages and inconveniences of each type of supply, without abandoning any technology, including nuclear and coal.
With regard to nuclear technology, he said this could not be got rid of while the level of interconnection is still low, something which in his opinion is progressing very slowly.
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21 September 2017
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ENG
Portugal has multiple projects for solar farms
The number of projects to build solar farms in Portugal has considerably increased over the last months, despite the fact that the local government has not provided any sort of specific regulatory framework for their development.
In late May, the Portuguese Renewable Energy Association (Apren) asked the government to organize a large-scale wind power tender, similar to the ones recently held by the Spanish government, to assign a significant share of the overall generation to renewable sources (solar and wind).
However, the Portuguese government has so far not revealed its plans with regards to launching a renewables tender like the one requested by Apren, and which the European Commission has recommended to all member states.
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15 September 2017
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ENG
Sharing gas to ensure it for all
An EU country facing urgent or unexpected gas shortages can trigger cross-border assistance from its neighbours, under new cooperation rules approved last Tuesday by Parliament. The rules establish four risk groups of Member States, which will take part in “risk associated cooperation” and undertake joint risk assessments and joint preventive and emergency measures, the EU press service reported. “The new Regulation will strengthen regional cooperation in emergency planning and crisis prevention, and make gas contracts more transparent. Our citizens must never be left without gas flowing to their homes,” rapporteur Jerzy Buzek (EPP, PL) said. “Member States are committing to help each other if gas supplies to citizens are disrupted,” he added.
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14 September 2017
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ENG
Morocco's clean power revolution
Country has become a green leader among developing nations with a goal to produce more than half its own energy by 2030 On a recent morning in the mountains above this thriving port city, the wind turbines are quiet and still. Occasionally a slight breeze catches a propeller, spinning it ever so slowly and filtering the harsh sun in a dance of rays on the brown earth. It is not a good day for wind, but it is a good day for Essedik Chellouch, who is patrolling the Dhar Saadane wind farm with his dog, Weeza. Chellouch, who lives in a nearby village, was on a work crew that helped build the Dhar Saadane project. When it opened in 2009, bringing 126 turbines online to produce electricity, Chellouch was hired as a security guard. With his minimum wage earnings, about $230 a month, he was able to buy a house.
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13 September 2017
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ENG
EGAS Energy Efficiency project
The European Bank for Reconstruction and Development (EBRD) intends to provide a sovereign loan up to USD 200 Mln to the Arab Republic of Egypt to be on-lent to Egyptian Natural Gas Holding Company (EGAS) and its subsidiary Egyptian Natural Gas Holding Company (GASCO), the state-owned operators of the natural gas transmission networks in Egypt. The proposed project consists of energy efficiency investments in the Egyptian gas pipeline infrastructure fully consistent with the Green Economy Transition Approach (GET), thereby contributing to the enhanced sustainability of the gas transmission market and to the expansion of the ongoing policy dialogue effort in energy efficiency in the oil and gas sector.
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12 September 2017
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ENG
#Africa Moroccan Minister of Energy, Mines, and Sustainable Development to welcome African energy leaders to Casablanca this November
Two energy forums focusing on gas and renewable energy in Casablanca this November have secured the endorsement of the Honourable Minister Aziz Rabbah, Minister of Energy, Mines, Sustainable Development in Morocco. The Africa Renewable Energy Forum (ARF) and the preceding Gas Options: North & West Africa meeting will take place from 29th November – 1st December 2017 at the Hyatt Regency Hotel, Casablanca.
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7 September 2017
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ENG
Consumer group bids to cut energy prices – The Connexion
Switching suppliers is automatic and could reduce customers’ bills
Gas and electricity users could cut their energy bills by changing suppliers – especially if they are on the regulated EDF or Engie tariffs – and a new campaign could help.
Consumer group UFC Que Choisir has relaunched its Energie moins chère ensemble campaign where it encourages customers to switch by getting a large number to sign up and then negotiating cheaper deals with other energy suppliers.
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3 September 2017
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ENG
Global gas price changes
Globally gas prices and formation of gas pricing mechanisms have been undergoing major upheavals over the past 10-year period, 2005 to 2016.
Global gas demand increased from about 2,700 bn m3/yr to around 3,400 bn m3/yr, but more importantly as the share of LNG increased from about 195 bn m3/yr to about 335 bn m3/yr.
BP predicts that global gas demand will grow to about 5000 bn m3/yr by 2035, with LNG demand rising to about 830 bn m3/yr.
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28 August 2017
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ENG
Zohr field to produce 350 MMCF of gas in October
CAIRO – 28 August 2017: A set of practical experiments are expected to be conducted in the Mediterranean’s largest gas field Zohr before the end of October to produce an estimated 350 million cubic feet (MMCF) of gas per day and to be increased to 1,000 MMCF by the end of 2017, a source at the Petroleum Ministry said on Sunday. The source added that progress of the development works of Zohr exceeded 83.5% so far, noting that the production of the first phase is expected to reach its maximum before the first quarter of 2018, estimated at 1,200 MMCF per day.
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28 August 2017
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ENG
GAS GAMES IN THE EASTERN MEDITERRANEAN ARE THREATENING EUROPE
The European Commission is offering European consumers the so-called Southern Gas Corridor, which provides for the supply, in particular, of Azerbaijani and Central Asian gas along the Turkey–Greece–Italy route. The project’s potential participants have their own interests, however, and are divided by long-standing antagonisms that are turning the corridor into a military and political delayed-action mine.
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21 August 2017
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ENG
Nicosia to host 5th Energy Symposium in November
New developments in the energy sector will be discussed at the 5th Energy Symposium, to be organized on Wednesday, November 1, in Nicosia, by the Institute of Energy for South-East Europe and fmw financial media way.
According to the organizers, participants are also expected to talk about aspects of regional cooperation between Cyprus, Greece, Egypt and Israel, vis-à-vis new geopolitical developments and challenges in the Southeastern Mediterranean. 
Speakers include government officials from Cyprus and abroad, academics and energy company representatives. They will focus in particular on Cyprus’ next steps in hydrocarbon research and development, energy cooperation between countries from the region and company investments in the Southeastern Mediterranean.
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21 August 2017
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ENG
EBRD signs $623M renewable energy agreements in Egypt
CAIRO – 21 August 2017: The European Bank for Reconstruction and Development (EBRD) signed a number of agreements in the Egyptian renewable energy sector on Monday, worth a total of $623 million. Financing the Egyptian government’s Sustainable Energy Strategy, the first agreement was signed with South Korea-based Green Climate Fund (GCF), a Monday statement from the EBRD stated. Under that agreement, the EBRD is contributing $352.3 million, while GCF is making a contribution of $154.7 million.
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21 August 2017
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ENG
Israel: Energy minister extends offshore license near Lebanese waters
Israel’s Delek and U.S. Noble Energy have obtained an extension to the Alon D license in the Mediterranean Sea, offshore Israel. The exploration license covers 400 square kilometers in the northern waters of Israel’s EEZ, a few kilometers east of the Karish gas field, recently bought by Energean.
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10 August 2017
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ENG
Turkey to expand capacity to meet energy needs with 3 nuclear power plants in action
Striving to diversify energy supply channels as much as possible, Turkey plans to build three nuclear power plants between 2023 and 2030, which are expected to provide 10 percent of domestic electricity consumption, Energy Minister Albayrak said Energy and Natural Resources Minister Berat Albayrak delivered an extensive elaboration of Turkey's national energy strategy, featuring the plan for the nuclear power plants set to be launched, drilling operations in the Mediterranean, solar and wind power plants, and the utilization of coal with clean technologies in a live broadcast on the Turkish TV channel Habertürk/Bloomberg.
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7 August 2017
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ENG
Firm plans undersea cable to bring Tunisian solar energy to Malta
Malta could be importing as much as 4.5 gigawatts of solar energy from the Sahara desert by 2020 if plans drafted by solar energy company TuNur Limited for the construction of an enormous solar farm - about the size of Malta itself - are approved by Tunisian authorities. TuNur Limited is a private company incorporated in the United Kingdom. Its principal shareholders are solar power plant developer Nur Energie Limited, and Tunisian and Maltese investors, including Zammit Group.
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20 July 2017
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ENG
Iran, Israel promise Turkey’s ‘next big energy potential’
With so many alternative suppliers in its neighborhood, Turkey should not worry about being dependent on imported gas, provided it can develop an energy strategy to secure competitive prices, the head of Turkish Association for Energy Economics has said.
Despite the turmoil in the region, and despite the fact that Ankara has in the recent past had strained relations with both, Iran and Israel stand as the next big potential suppliers of gas to Turkey, Professor Gürkan Kumbaroglu from Bogazici University told the Hürriyet Daily News.
To read more click here
20 July 2017
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FRA
L’AFRIQUE ET LE PARI DES ÉNERGIES RENOUVELABLES | L’ECONOMISTE
Innovation toute. C’est le leitmotiv de la première édition du Green Africa Innovation Booster (Green AIB) qui poursuit ses travaux à Marrakech. Les énergies renouvelables figurent parmi les principaux piliers de toute stratégie énergétique et de développement durable en Afrique, mais pour réussir ce chantier stratégique, il y a certains défis à relever à commencer par la recherche, la formation et l’innovation dans le domaine des ER et de l’efficacité énergétique. Des chantiers à booster impérativement si l’Afrique ne veut pas rater le train des ER. Organisé par l’Institut de recherche en énergie solaire et en énergies nouvelles (IRESEN) en partenariat avec la KIC InnoEnergy de l’Institut européen d’innovation et de technologie, la 1re édition du Green Aib rassemble 450 participants. Parmi eux des chercheurs, les startups et les industriels Africains et internationaux du secteur de l’innovation en énergie durable. L’idée est de créer une plateforme de l’innovation pour la communauté africaine et identifier les moyens pour accompagner la dynamique de la créativité.
To read more click here
19 July 2017
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ENG
Cyprus Editorial: Energy is the catalyst for a solution
Boarding the French Navy frigate Languedoc, currently patrolling in the eastern Mediterranean, Parly sent out a clear message that France would protect its interests, despite threats by Turkey that it would obstruct oil and gas exploration within territory it claims for itself. At the same time, the US Navy has also been around criss-crossing in waters reserved for exploration by ExxonMobil. As it turns out, oil majors have a bigger say in regional politics than local politicians, who are still wrangling over what went wrong (if anything) at the Cyprus Conference in Crans Montana.
To read more click here
18 July 2017
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ENG
Turkey's exploration activity in east Mediterranean shows its will to protect Northern Cyprus interest
Turkish seismic exploration vessel Barbaros Hayreddin Pasa's presence and an acceleration in its activities off the shore of Cyprus has clearly shown Turkey's determination to protect the rights and interests of the Turkish Republic of Northern Cyprus (KKTC), following a recent announcement by southern Cyprus that it will launch drilling activities off Cyprus's south coast.
The fact that the Turkish vessel will perform drills off the island's south western Paphos, in the fifth and sixth blocs, in the presence of the Turkish war ships has now turned heads toward the region.
To read more click here
18 July 2017
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ENG
New gas projects to double Egypt’s production in 2020
Minister of Petroleum Tarek El Molla said on July 17, 2017, that the new natural gas projects in Egypt will increase production by 50% in 2018 and 100% in 2020. Egypt’s natural gas production has risen to about 5.1 bln cubic feet per day in 2017 from 4.4 bln cubic feet in 2016, as BP’s North Alexandria projects came online. The Italian Eni discovered the Zohr field back in 2015.
To read more click here
17 July 2017
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ENG
Natural gas exploration going as planned – government
The republic’s natural gas exploration was going as planned, the government said on Monday, with results expected in the autumn.
“What I can tell you with certainty is that everything is going as planned,” government spokesman Nicos Christodoulides told state radio.
Energy giant Total is drilling in block 11 of the island’s exclusive economic zone (EEZ), amid threats from Turkey, which has dispatched at least one warship to monitor the situation.
To read more click here
17 July 2017
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ENG
Race for Cyprus gas and oil sparks tensions in the Mediterranean
It's deja-vu all over again. Just six years after Turkey threatened Cyprus to pull the plug on a controversial energy project, Ankara is now warning of new reprisals, and has sent warships to shadow drilling vessels exploring for oil and gas off the coast of the war-divided Mediterranean island. Turkey doesn't want the drilling to proceed before securing a deal that would give the island's Turkish Cypriot community an equal share of the revenue. Yet faced with such prospects, a potential agreement went amiss this month as United Nations-sponsored talks to reunite the island's Greek and Turkish sides collapsed amid anger and recriminations, marking the end of a process seen as the most promising in recent years to resolve one of Europe's most intractable ethnic conflicts.
To read more click here
16 July 2017
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ENG
Egypt’s energy future is ‘bright,’ says head of parliamentary committee
Egypt’s energy sector is on the rise, said Talaat el- Sewedi, the head of the Energy and Environment Committee in the Egyptian parliament.
“Look at what is happening on the ground,” Sewedi said. “Major finds are made and these will alter the future, not only of the energy sector but of this country as a whole,” he said in an interview.
Egypt’s Energy Committee expressed confidence in the energy sector and, given huge natural gas discoveries made off the coast of Egypt and in the Nile Delta, that is certainly understandable.
To read more click here
16 July 2017
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ENG
Cyprus gears up for offshore gas search
CYPRUS is pushing ahead with plans to begin oil and gas exploration in the eastern Mediterranean Sea; just days after a failed peace conference in Switzerland ended UN backed talks aimed at reunifying the island.
Despite a warning from the Turkish President Tayipp Erdogan to stop the energy search, Nicosia has said their plans remain unchanged.
Turkey and the Cypriot government are bitterly divided over the energy search.
The focus of exploration efforts will be in ‘Block 11’, with drilling taking place on behalf of the French energy giant TOTAL and ENI.
To read more click here
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