Fiona Mullen

29 Apr 2017 The case for importing natural gas

By Fiona Mullen This week the leader of the Democratic Party (Diko), Nicholas Papadopoulos, said on Twitter that the import of mazut instead of natural gas has cost the Cyprus economy €1 billion over four years. This was followed by news that the government was considering another tender for the …

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12 Mar 2017 No solution – no UN and no gas?

By Fiona Mullen Efforts to solve the Cyprus problem are dying fast. In an interview with Kibris on Monday, the UN Special Advisor, Espen Barth Eide said something that should wake everyone up on this island. Translated back from the Turkish, he said: “If the process fails, I have the …

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25 Sep 2016 What gas price earns Cyprus €600 million a year?

By Fiona Mullen This week the finance minister, Harris Georgiades, told parliament that government income from natural gas could reach €500-€600 million per year in around 12 years’ time. As part of the Aphrodite contract, government revenue will start to flow after the energy companies have recouped their costs. This …

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31 Jan 2016 Can EastMed gas finally fix the Cyprus problem?

By Fiona Mullen A few years ago, I was frequently asked if I thought natural gas discoveries in the Eastern Mediterranean could be a catalyst for a solution of the Cyprus problem. At the time I was sceptical. Noble Energy had discovered the large Israeli Tamar field in January 2009, …

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08 November 2015 Has the gas window opened?

By Fiona Mullen Back in February this year I asked if the gas window had closed for Cyprus, following a number of developments that had clouded the outlook for offshore natural gas production. The energy minister, George Lakkotrypis had been forced to announce in late December that the first well …

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06 Sep 2015 Hope yet a for Cyprus gas hub

By Fiona Mullen Officials are putting a brave face on the announcement by Italy’s ENI on Sunday that it had found an estimated 30 trillion cubic feet offshore Egypt. But it might just have put an end to both Israel’s and Cyprus’ hopes of exports to Egypt, for reasons explained …

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Can Gas Catalyse Peace in the Eastern Mediterranean?

By Ayla Gurel and Laura Le Cornu Abstract The economic rationale for energy collaboration between Turkey, Cyprus and Israel is compelling. Cyprus and Israel need commercially viable export routes for their gas while Turkey is eager to diversify and increase its gas supplies. Hydrocarbon resources could potentially be a catalyst …

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