Giorgos Papanastasiou (born Lefkosia 10 September 1961) is a Mechanical Engineer by profession. He holds a degree in Mechanical Engineering from the Cyprus Higher Technology Institute, a BSc Mechanical Engineering from City University London and an MSc in Refrigeration & Air Conditioning from Kings College London.

He worked for 26 years at BP from various senior management positions in the UK, in other European countries and in Cyprus, where he held the position of Country Head.

During his career, he gained a wide range of experience in the energy industry (Oil & Gas), specifically in the Procurement and Supply Chain sectors (Supply & Logistics), Health, Safety & Environment, Technical Processes, Management, Sales & Marketing, Corporate Governance and Compliance.

Giorgos Papanastasiou was appointed General Manager and Managing Director of VTT Vasiliko Ltd (VTTV), a subsidiary of the multinational VTTI B.V. based in the Netherlands, on 1 October 2011, where he led a flexible team of professionals for the construction of a terminal for energy storage and energy product management, which is currently operating in Vasiliko.

He is Chairman of the Board of Directors of the Cyprus Organisation for Standardisation (CYS) and of the Cyprus Certification Society (CYCert), Chairman of the Cyprus-Dutch Business Association of the Cyprus Chamber Of Commerce and Industry (CCCI) and Member of the Board of Directors of the Cyprus Employers and Industrialists Federation (OEB).

 

 

 

REUTERS 14 FEBRUARY 2024 - CYPRUS COULD PRODUCE FIRST NATURAL GAS AS SOON AS 2026, MINISTER SAYS

NICOSIA (Reuters) - Cyprus could start producing its first natural gas as soon as 2026, and plans to participate in a high-powered electricity cable project linking the eastern Mediterranean to continental Europe, its energy minister told Reuters.

Gas production, and a hook-up to power markets overseas, could be a game changer for the island and other countries in southern Europe keen to wean themselves off Russian supplies that were disrupted after Russia's invasion of Ukraine.

Cyprus reported its first offshore gas discovery in 2011, but it is one of the newer discoveries in 2022 - by a partnership of Italy's Eni and France's TotalEnergies - which is likely to be developed first, Commerce, Industry and Energy Minister George Papanastasiou told Reuters.

"Our expectation, subject to the development and production plan that Eni will propose shortly, is 2026, or early 2027," Papanastasiou said in an interview.

Eni did not immediately respond to an email seeking comment.

The project, known as Cronos, has an estimated 2.5 trillion cubic feet (tcf) of gas. When it comes online, that gas will likely be delivered to Eni's Zohr facilities in Egypt, about 70 kilometres (43 miles) away.

"We have a discovery there that can be developed pretty quickly," Papanastasiou, a near 40 year veteran of the energy industry, said.

Since 2007, Cyprus has issued exploration licences for most of the 13 offshore exploration blocks around the south of the island. It has found natural gas in five wells at three blocks holding an estimated 17-18 tcf - more than the annual consumption of Europe.

Energy companies have expressed interest in tapping "one or two" unlicensed blocks and discussions are underway, Papanastasiou said.

A licensing round for the new blocks may not be necessary if there are good justifications, such as being in a geologically similar, contiguous area, he said.

GAME CHANGER

Electricity prices in Cyprus can be triple those of its neighbours. To bring them down, the cabinet has decided in principle to join an EU-financed project, linking power grids from Israel to Europe.

The 1.9 billion euro ($2 billion) Great Sea Interconnector will be able to carry up to 2,000 megawatts and has garnered interest from funds in Israel, the United Arab Emirates and the Development Finance Corporation, a U.S. government finance institution.

"There is quite some interest, which is exactly what is needed for this very geo-strategic project," Papanastasiou said.

Other potential gas discoveries include Aphrodite, which holds an estimated 3.5 tcf.

Development of that field was held up after a consortium led by Chevron submitted a modified plan last year which Cyprus said went back on a 2019 agreement to include a floating production unit.

Authorities expect a so-called optimisation plan from the companies by the end of March.

"We have made it absolutely clear that we do not want to depart from the basics of the 2019 agreement, which is a floating production unit," Papanastasiou said. (Reporting by Michele Kambas; Editing by Edward McAllister and Mark Potter)

 

 

HE Tarek El Molla Minister of Petroleum & Mineral Resources Arab Republic of Egypt	HE George Papanastasiou Minister Energy, Commerce & Industry Cyprus	HE Hayan Abdul Ghani Abdul Zahra Deputy PM & Minister of Oil Republic of Iraq	HE Pedro Rafael Tellechea Ruiz Minister Petroleum, Venezuela President Petroleos de Venezuela (PDVSA)	HE Antonio Oburu Ondo Minister of Mines and Hydrocarbons Equatorial Guinea
HE Dr Walid Fayad Minister of Energy and Water Lebanon	HE Francisco da Costa  Monteiro  Minister Petroleum Resources Democratic Republic of Timor-Leste	Alexandra Sdoukou Deputy Minister for Environment and Energy Greece	Hon Judith Kapinga Deputy Minister Ministry of Energy Tanzania	HE Dr Amani Abou-Zeid Commissioner for Infrastructure, Energy & Digitalisation African Union
Ditte Juul Jørgensen Director General for Energy European Commission	HE Haitham Al Ghais Sec. Gen. Organization of the Petroleum Exporting Countries (OPEC)	HE Dr Omar Farouq Ibrahim Sec. Gen. African Petroleum Producers Association (APPO)	HE Nasser Kamel Sec. Gen. Union for the Mediterranean (UfM)	HE Osama Mobarez Sec. Gen. East Mediterranean Gas Forum (EMGF)
Dr Houda Ben Jannet Organisation Méditerranéenne de l’Energie et du Climate	HE Eng Jamal Al Loughani Organization of Arab Petroleum Exporting Countries (OAPEC)	Murray Auchincloss CEO  British Petroleum (BP)	Terje Pilskog Chief Executive Officer Scatec	Musabbeh Alkaabi  Exec. Dir. Low Carbon Solutions & International Growth ADNOC
Mohamed Ismail Mansour Co-Founder, CEO, and Chairman Infinity Power	Lorenzo Simonelli Chairman and CEO Baker Hughes	Ali Al Jarwan Chief Executive Officer Dragon Oil	Maria Rita Galli Chief Executive Officer DESFA	Dr Eng Magdy Galal Chairman EGAS

 

 

 

 

EGYPES 2024 welcomed the international energy community from 19th until 21st February 2024 at the Egypt International Exhibition Center, Cairo, to address energy transition, security and decarbonisation globally. The Middle East is leading the conversation around a fair and equitable energy transition and energy future. At the nexus between North Africa, Sub-Saharan Africa, the Mediterranean, and the Middle East, Egypt is emerging as the gateway to new energy frontiers, as well as an attractive investment and partner destination in its own right. The event is supported by President Abdel Fattah el Sisi.

 

ترحب EGYPES 2024 بمجتمع الطاقة الدولي في الفترة من 19 إلى 21 فبراير 2024 في مركز مصر للمعارض الدولية لمعالجة تحول الطاقة والأمن وإزالة الكربون على مستوى العالم. يقود الشرق الأوسط الحوار حول التحول العادل والمنصف للطاقة ومستقبل الطاقة. وفي همزة الوصل بين شمال أفريقيا، ومنطقة جنوب الصحراء الكبرى في أفريقيا، والبحر الأبيض المتوسط، والشرق الأوسط، تبرز مصر باعتبارها بوابة إلى حدود جديدة في مجال الطاقة، فضلاً عن كونها وجهة استثمارية جذابة وشريكة في حد ذاتها.

 

 

aistaqbal mutamar "'iijibs 2024" mujtamae altaaqat alduwalii fi alfatrat min 19 'iilaa 21 fibrayir 2024 fi markaz misr lilmaearid alduwaliat bialqahirati, limuealajat tahawul altaaqat wal'amn wa'iizalat alkarbun ealaa mustawaa alealami. yaqud alsharq al'awsat alhiwar hawl altahawul aleadil walmunsif liltaaqat wamustaqbal altaaqati. wafi hamzat alwasl bayn shamal 'afriqia, wamintaqat janub alsahra' alkubraa fi 'afriqia, walbahr al'abyad almutawasiti, walsharq al'awsat, tubriz misr biaietibariha bawaabatan 'iilaa hudud jadidat fi majal altaaqati, fdlaan ean kawniha wijhatan aistithmariatan jadhaabat washarikatan fi hadi dhatiha.

 

 

 

 

Cairo looks to offer unprecedented participation from some 35,000 attendees and 2,200 delegates from the global energy community, as to the potential to adduce alternative Petroleum dialogue ahead of COP29 at Baku, Azerbaijan, November 2024, wherein the 'Parties' formulate plans to reverse global warming as their raison d'être.

EGYPES 2024 aims to steer leadership in climate change and sustainable energy production, focusing on responsible transition. EGYPES 2024 provides a business platform to boost bilateral trade, commerce and innovation, with 500 plus exhibiting energy related groups participating.

 

The land of the Pharaohs and Pyramids is an ideal location to discuss preventing the planet from becoming one vast desert, amid an oasis of unlimited renewable electricity, the host basking in untapped solar energy for green hydrogen via electrolyzers.

 

تتطلع القاهرة إلى تقديم مشاركة غير مسبوقة من حوالي 35000 مشارك و2200 مندوب من مجتمع الطاقة العالمي، فيما يتعلق بإمكانية تقديم حوار نفطي بديل قبل انعقاد مؤتمر الأمم المتحدة المعني بتغير المناخ (COP29) في باكو، أذربيجان، نوفمبر 2024، حيث تقوم "الأطراف" بصياغة خطط لعكس اتجاه ظاهرة الاحتباس الحراري باعتباره هدفها الرئيسي. سبب الوجود.

تهدف EGYPES 2024 إلى توجيه القيادة في مجال تغير المناخ وإنتاج الطاقة المستدامة، مع التركيز على التحول المسؤول للطاقة. توفر EGYPES 2024 منصة أعمال لتعزيز التجارة الثنائية والتجارة والابتكار، حيث تشارك فيها أكثر من 500 مجموعة عارضة ذات صلة بالطاقة.

تعتبر أرض الفراعنة والأهرامات موقعًا مثاليًا لمناقشة منع تحول الكوكب إلى صحراء شاسعة، وسط واحة من الكهرباء المتجددة غير المحدودة، حيث يستمتع المضيف بالطاقة الشمسية غير المستغلة للهيدروجين الأخضر عبر المحللات الكهربائية.

tatatalae alqahirat 'iilaa taqdim musharakat ghayr masbuqat min hawalay 35000 musharik wa2200 mandub min mujtamae altaaqat alealamii, fima yataealaq bi'iimkaniat taqdim hiwar naftiin badil qabl aineiqad mutamar al'umam almutahidat almaenii bitaghayur almunakh (COP29) fi baku, 'adharbijan, nufimbir 2024, hayth taqum "al'atrafi" bisiaghat khutat lieaks aitijah zahirat alaihtibas alhararii biaietibarih hadafaha alrayiysiu. sabab alwujudi.

tahdif EGYPES 2024 'iilaa tawjih alqiadat fi majal taghayur almunakh wa'iintaj altaaqat almustadamati, mae altarkiz ealaa altahawul almaswuwl liltaaqati. tawafur EGYPES 2024 minasat 'aemal litaeziz altijarat althunayiyat waltijarat walaibtikar, hayth tusharik fiha 'akthar min 500 majmueat earidat dhat silat bialtaaqati.

tuetabir 'ard alfaraeinat wal'ahramat mwqean mthalyan limunaqashat mane tahawul alkawkab 'iilaa sahra' shasieatin, wast wahat min alkahraba' almutajadidat ghayr almahdudati, hayth yastamtie almudif bialtaaqat alshamsiat ghayr almustaghalat lilhaydrujin al'akhdar eabr almuhalilat alkahrabayiyati.

 

 

 

EGYPES CONTACTS

delegates@egypes.co
conferences@egypes.com
egypes@egypes.com