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Thursday, 24 Aug 2017

Eastern Mediterranean Gas Conference 2013

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Hyperion Systems Engineering was the Gold Sponsor of the
Eastern Mediterranean Gas Conference
The Gateway to Natural Gas Activity in the Eastern Mediterranean

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Hyperion supported as a Gold Sponsor the inaugural Eastern Mediterranean Gas Conference (EMGC), on 8–10 April 2013, in Nicosia.  The EMGC was the first event of its kind in Cyprus, organized "from within" the hydrocarbons community, by Gulf Publishing Co., the publisher of HYDROCARBON PROCESSING and WORLD OIL magazines, two of the most reputable reference publications of the industry. The conference gave special focus to the latest market and technology trends related to the exploration, drilling, production, processing and marketing of natural gas in the Cypriot and Israeli sectors of the Eastern Mediterranean Subsea and it has also covered critical issues such as resource potential, leasing/permitting, development plans, infrastructure requirements, governmental plans and regulations, and more.

As activity continues in the Eastern Mediterranean, where an estimated 35 trillion cubic feet of recoverable natural gas reserves have been discovered, industry-leading companies are preparing to increase their regional presence. Exploration, drilling and production projects are underway, and plans for gas processing and transportation facilities are in progress.

During EMGC’s technical program, executives from operating, service and technology companies active in the region shared insight into development opportunities for this exciting resource area. Speakers focused on the regional implications and potential of the new energy resources. Delegates from the Israeli and Cypriot governments, along with industry executives, examined offshore oil and gas opportunities and challenges for Cyprus, Israel and the EU as a whole. Market potential, international impacts and LNG pricing were also discussed. The conference also examined the future of the Eastern Mediterranean in light of the resource potential and infrastructure developments needed.


Mr. Stavros Spanos, Hyperion’s Executive Vice President gave a presentation on ‘The Skills Challenge: Re-training the Cypriot workforce to serve an entirely new industry’.
Mr. Spanos noted that in Cyprus there are professionals with Higher and University degree qualifications, background and experience, but in different industries. There is a need to find a way to help these professionals retrain and obtain the necessary skills to be resourced as needed in oil & gas related activities. There needs to be a vision on education and a nation-wide action to facilitate and expedite as much as possible this re-skilling of the existing Cypriot professional population as well as pave the way for the future generations of professionals.


Dr. Symeon Kassianides, Chairman and CEO of Hyperion Systems Engineering Group, gave the presentation ‘A New Industry For Cyprus’ and examined Cyprus’ readiness to address the challenges and opportunities before it. Dr. Kassianides noted that both the public and private sectors, including the government, universities and petroleum organizations, are preparing the country for an upswing in work opportunities in the oil and gas sectors. He also confirmed that FEED studies are being performed for an LNG terminal in Cyprus. According to Dr. Kassianides, long-term potential projects in Cyprus may include a methanol plant, an ethylene facility, a gas-to-liquids (GTL) plant (if gas reserves are large enough to warrant GTL production), a fertilizer plant for urea and ammonia, and steel and aluminum factories. “We strongly believe in Cyprus as an upcoming energy hub for the future of the Eastern Mediterranean,” Dr. Kassianides said. He added that Hyperion Systems Engineering Group is both well-poised and determined to play a major role in the development of the Eastern Med’s energy resources.

 

Photos from the event