Filed under: Uncategorized | Tags: bailout, Brussels, CH4, Cyprus, ECB, energy, EU, euro, Gazprom, Israel, Lebanon, Levant, Levant Basin, Leviathan, Natural gas, Russia, Syria
Cyprus has known from the beginning that its bailout is tied to its potential petrol dollars, while the EU has attempted to couch this in all manner of moral-high-ground rhetoric.
What will the EU do now? Will it bail Cyprus out on kinder terms to keep Russia from getting hold of the island’s gas? Monday is D-Day: This is the deadline the European Central Bank has set for Cyprus to come up with $6 billion in order to “qualify” for a bailout package.
Cyprus is playing Russia and the EU offer each other right now, hoping to bring the specter of a deal with Russia close enough to make Brussels blink and give Cyprus more negotiating power.
Watch the deals in progress with this in mind: Not only is Cyprus’ financial collapse at stake here. Also at stake is Russia’s monopoly on the European gas market and the Europe’s entire gas future.
via Oilprice.com: EU Caught Playing Dirty and it’s all about Russian Gas.
Filed under: maps | Tags: Assem Abou Ibrahim, EEZ, Lebanon, licensing, MEOW, MEW, oil and gas exploration, oil exploration, oil production, PA
…has never been explored for hydrocarbons.
On behalf of the newly formed Petroleum Administration (PA), I would like to welcome you to this website that will focus on matters related to the 1st licensing round for hydrocarbon exploration within the Lebanese offshore EEZ (Exclusive Economic Zone). The PA would also like to thank the Ministry of Energy and Water (MEW) for its continued support during the transition process.
via LEB Licensing Round.