UCF Global Perspectives

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Tag Archives: natural gas

Cyprus and Egypt Sign Gas Pipeline Deal

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On August 31, Cypriot Energy Minister Yiorgos Lakkotrypis and Egypt’s Petroleum Minister Tarek el-Molla signed a deal for the transfer of natural gas to Egypt via a submarine pipeline (Reuters, AP). Noble, a U.S. energy company, discovered a large deposit of natural gas off Cyprus in 2011 (Forbes). This agreement will lead to closing commercial […]

European Natural Gas Market in Flux

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A global oversupply of natural gas may lead to direct competition between US gas producers and Russian gas monopoly Gazprom for share in European markets (Reuters 1). The EU has recently pushed to reduce Russian gas and oil imports, and European Commission President Jean-Claude Juncker recently expressed concerns over a proposed Russia-Germany gas pipeline (Reuters […]