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Sunday, 25 Jun 2017

Eastern Mediterranean Gas Conference 2014

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Hyperion Systems Engineering was the Gold Sponsor of the
Eastern Mediterranean Gas Conference 2014

emgc2014

Hyperion supported as Gold Sponsor, Gulf Publishing Company's Eastern Mediterranean Gas Conference 2014 (EMGC 2014), which took place from March 11–12 at the Hilton Tel Aviv in Israel. EMGC 2014 was the first international event in Israel with a global audience covering all segments of the oil and gas industry. The main conference program included presentations from high-level executives of prominent companies operating in the region, as well as from Israeli and Cypriot government representatives.

 

Activity in the Eastern Mediterranean continues to grow and new agreements are being made, like Noble Energy's Leviathan MoU with Woodside Petroleum. With recent discoveries increasing the estimated gross resources of natural gas awaiting development in the area to 40 trillion cubic feet (Tcf), industry-leading companies are preparing to increase their regional presence. At EMGC, executives from operators and service and technology companies active in the region shared insight into their experience with this important new resource area. Also, the Israeli and Cypriot perspectives examined the regulatory, political, financial and logistical opportunities and challenges associated with ongoing and potential gas infrastructure projects in the region.


In his presentation at the conference, Mr. Stavros Spanos, Hyperion’s Executive Vice President, touted the merits of an LNG plant, as opposed to a pipeline to Turkey or Greece. A liquefaction facility would increase flexibility and create optionality in Cyprus' search for markets and customers. A large portion of Cyprus' gas resources could also be processed to create petrochemicals, which the country would sell, to generate revenue for the country. Finally, Mr. Spanos stressed Cyprus' eagerness to cooperate with Israeli companies and government to help build Cyprus into the Mediterranean's premiere energy hub.


Photos from the event