Mixed results for #Exxon’s 3-well drilling campaign in #EastMed: 🇪🇬 Nefertari in Egypt’s North Marakia block: 3-4 tcf of gas in place 🇨🇾 Elektra in Cyprus’ Block 5: No commercial quantities 🇨🇾 Pegasus in Cyprus’ Block 10: Gas discovery announced. No estimates provided

🇱🇧 🇨🇾 Among the issues discussed, according to Lebanese Presidency: 🔹 The delimitation of the maritime border. A Cypriot delegation is expected in Lebanon next week to follow up 🔹 Plans for a power cable linking both countries’ grids. To be discussed further by the Energy Ministers

In my article in today’s Sunday Mail (Cyprus Mail) titled: “Cyprus and Lebanon: Ancient Bonds, Modern Challenges”, I underline why #Cyprus & #Lebanon, bound by history & proximity, rely on strategy & #diplomacy to shape their futures in a volatile Eastern Mediterranean. I

Azerbaijan began exporting natural gas to #Syria via Turkey today: 🔹 Initial volumes: 3.4 mcm/day, could reach 6 mcm/d 🔹 Could boost power generation by around 750 MW 🔹 Project fully funded by Qatar 🔹 Gas delivered via new pipeline connecting Kilis (Turkey) to Aleppo (Syria)

🇮🇱 🇪🇬 #Leviathan partners sign $35bn gas export deal with #Egypt 🔹 Israel’s largest gas export deal ever 🔹 Initial 2019 deal: ~60 bcm 🔹 New agreement adds 130 bcm in 2 increments: ▪️20 bcm pending pipeline completion ▪️110 bcm post-FID to expand Leviathan's output

🇮🇱 🇪🇬 Israel’s gas network operator INGL reached a deal with all 3 gas producers, the Tamar & Leviathan partnerships and Energean, to build the Nitzana pipeline, boosting Israel’s export capacity to Egypt: 🔹Length: 65 km 🔹Capacity: 6 bcm/yr 🔹Cost: ~$610m 🔹Completion: ~3 yrs

🇪🇬"As recently as 2022, the country shipped out some 7 million mt of LNG more than it imported...So far, in 2025, that surplus has moved to an almost equivalent deficit, with Egypt having brought in some 6.6 million mt more LNG than it has exported." spglobal.com/commodity-insi…

مارك أيوب| الثغرات التنفيذية لاتفاقية تبادل النفط بين لبنان والعراق نشر هذا المقال في الملف الخاص بعنوان "الطاقة المجدِّدة؟" من العدد 75 من مجلة المفكرة القانونية – لبنان shorturl.at/i7tlJ لقراءة وتحميل الملف shorturl.at/ESFxh Marc N. Ayoub

Today is a historic day. Cyprus and Lebanon take a major step in deepening 🇨🇾🇱🇧 longstanding excellent relations, and strengthen regional stability, firmly anchored on international law and UNCLOS. After almost two decades we sign the final text of the Exclusive Economic Zone