NewMed Energy reports solid earnings and steady exports to regional markets amid conflict in Middle East
NewMed Energy, the Israeli company with stakes in the East Mediterranean gas fields like Leviathan offshore Israel and the Aphrodite field offshore Cyprus and with LNG export ambitions, reported solid earnings and steady exports to regional markets amid advances in several projects.
Cyprus side-tracked from Aphrodite gas project in dispute with China over island’s first LNG import terminal
The Republic of Cyprus, the Greek-speaking part of the divided island in the process of developing the Aphrodite natural gas field in the Eastern Mediterranean as a regional gas and LNG hub, is involved in a dispute with a Chinese company over a separate LNG import terminal project still under construction.
NewMed Energy of Israel reports progress on having Cypriot Aphrodite field gas sent to Egyptian LNG plant
NewMed Energy, the Israeli natural gas company and LNG project developer in the East Mediterranean, said plans for the Aphrodite gas field offshore Cyprus are now focused on transportation of the gas by a pipeline to LNG processing facilities in Egypt.
Israel joins Greece and Cyprus to develop East Med natural gas pipeline to EU markets
Greece, Cyprus and Israel have signed an agreement to build a 1,900-kilometre subsea pipeline to transport natural gas from the East Mediterranean to West European markets in competition to LNG.
