LNG

Italian major Eni has successfully completed the Cronos-2 natural gas well, drilled to appraise the Cronos discovery in Block 6 offshore Cyprus as the East Mediterranean becomes a focus for the development of a gas and LNG hub to supply Europe.

NewMed Energy, formerly Delek Drilling and owner of the largest Israeli offshore natural gas field and a likely future LNG feed-gas supplier, is continuing with the process of being listed on the London Stock Exchange through a reverse takeover of UK company Capricorn Energy.