The document summarizes information presented by Andy Varoshiotis at a conference in Tel Aviv on May 7-9, 2013 regarding the Cyprus Oil & Gas Association. The association was founded under the Cyprus Chamber of Commerce and Industry to serve oil and gas companies in Cyprus. It aims to protect members' interests, provide a forum for discussion, promote cooperation, and support skills development and training in Cyprus's oil, gas, and petrochemical industries. Membership benefits include being an effective platform to promote industry advancement and have a voice in Cypriot industry developments.

1. Cyprus Oil & Gas
Association
Under the auspices of the Cyprus Chamber of Commerce and Industry
Energy Drivers for Emissions
Presenter: Andy Varoshiotis, BSc, MBA, IAFP, MSDT
COGA President
Tel Aviv, Israel, May 7-9, 2013
www.cyoilgas.org
Member Benefits
East Med Industry Developments
Prospects and Investment Potentials

2. Energy Drivers for Emissions
www.cyoilgas.org
Cyprus Oil & Gas Membership
The Cyprus Oil and Gas Association (COGA) was founded by a group of professionals under the auspices of the
Cyprus Chamber of Commerce and Industry, with the aim of serving the interests of the companies and
professionals in the oil and gas industry within the Cyprus Exclusive Economic Zone.
Objectives:
1. To protect and promote the interests of its members
2. To provide a forum for discussion on issues of common interests.
3. To promote co-operation among members.
4. To promote the use and development of local resources in the oil, gas and petrochemical industries.
5. To collaborate with local and international research centres and institutions to stimulate skills development and
training in Cyprus.
6. To promote the development of businesses and professionals in the oil, gas and Petrochemical industries.

3. Incorporation:
The Association has been incorporated as a non profit organization registered as a limited liability
Company guaranteed by shares. .
In order to further enhance its objectives the Association may affiliate with any relevant
Cyprus and international institution pursuing similar objectives.
Activities:
Since its inception, COGA has been active in organizing technical talks, an annual member conference,
extraordinary general meetings, presentations, parliamentary works participation in the relevant
house of representative committees.
The Board meets ordinarily and is elected every three years by full members only,
Associate Members do not have voting powers.
Benefits:
It is an effective platform to promote the advancement of the oil and gas industry
and to have a voice in the industry developments in Cyprus.
www.cyoilgas.org

4. www.cyoilgas.org
Ordinary Membership:
Any multi-discipline Oil & Gas operator, drilling company, seismic data provider, petrochemical laboratory, importer
or exporter of petrochemical products, land storage carriers, field licensee, equipment manufacturer, by-product
engineering company, oil and gas consulting firm, marine engineering, oil and gas shipping, LNG bulk carriers, oil
tanker operators, company that provides services to clients in the Oil, Gas and Petrochemical industry and
satisfies the following conditions is eligible for Each applicant, as described above, shall be reviewed and
approved by the Board of Directors.
Associate Members
Associate Membership will be opened to all service providers, engineering companies providing services to the
Oil, Gas and Chemical Industry but not eligible to join as Ordinary Members.
Example: Environmental companies, corporations and individuals involved in activities such as specialist studies
in plant safety / loss prevention, design subcontract, manpower supply, sales and/or services of
equipment/materials, fabrication of equipment packages, and construction of facilities. Associate members can be
legal, secretarial, auditing, management consultancy, financial services, facility architects and civil engineering
designers, oil and gas asset finance companies, engineering professors and students in the related field. The
Board has the right to expand the list on its discretion to cover other related fields.

5. Source: Cyprus Chamber of Commerce and Industry
About The CCCI
The Cyprus Chamber of Commerce and Industry is a private corporate body
functioning under special law and is financially independent, free of any influence by
the state. The Chamber is funded by its members' subscription fees and through
income generated from a number of services it provides.
The CCCI is the union of Cypriot businessmen, the interests of whom it promotes by
submitting to the government and the Parliament the members' positions on matters in
which they are involved, while, through its participation in tripartite bodies and
committees, it conveys and promotes the views of the business community.
The Cyprus Chamber of Commerce and Industry was founded in 1927 and in 1963, a
new structure was adopted, which remains in operation to date, under the name of:
"Cyprus Chamber of Commerce and Industry". The CCCI is the federation of the local
Chambers of Commerce and Industry (CCIs) which operate in Nicosia, Limassol,
Famagusta, Larnaca and Paphos.
The Chamber is governed by a 36-member Council chaired by the President.
A 13-member Executive Committee acts as coordinator and handles matters of
urgency. For information concerning the members of the Executive Committee and of
the Board of Directors of the CCCI.

6. Source: National Gas Public Company (DEFA)
OUR AIM
Cyprus Oil & Gas Association, tends to cooperate closely by representing its members interests towards all
Government agencies and companies such as DEFA, KRETYK and the Ministry of Energy, Tourism and
Industry.
BRIEF DISCRIPTION AND SCOPE OF DEFA WORK
Concerning the development of the internal gas market and network, a Natural Gas Company, known by its
Greek Acronyms as DEFA, has been established and is responsible for the import, storage, distribution,
transmission, supply and trading of natural gas, and the management of the distribution and supply system
of Natural Gas in Cyprus. The council of Ministers of the Republic of Cyprus has issued a decree dated
18/06/2008, which appoints DEFA as the sole importer and Distributor of Natural Gas in Cyprus and directs
DEFA to proceed with securing the necessary Natural Gas quantities at the best commercial terms.
BRIEF DISCRIPTION OF CYPRUS HYDROCARBON COMPANY (KRETYK)
DEFA is a public utility tasked with distributing natural gas to the local market, while KRETYK is a state-
controlled oil and gas company responsible for developing, managing, exporting and operating gas.

7. Source: Ministry of Energy, Industry and Tourism.

8. Source: Ministry of Energy, Industry and Tourism.

9. Source: Ministry of Energy, Industry and Tourism.

13. Source Nobel Energy: Field Appraisal

14. Source Nobel Energy: Field Exploration

15. Source Nobel Energy: Field Development

16. Source Nobel Energy: Field Development

17. Source Nobel Energy: Field Development

18. Source Delek Energy: Israel Cooperation

19. Source Delek Energy: Israel Cooperation

20. Source: Clal Finance Brokerage. Israel Licences - Developments & Cooperation

21. Israel Cooperation and co-production and management

22. Source Delek Energy: The Israeli View - cooperation

23. Source Delek Energy: The Israeli View

24. Source: Ministry of Energy, Industry and Tourism.

25. Source Nobel Energy: LNG Plant Development

26. Source Nobel Energy: Potten and Partners

27. Source: Wallace P.

28. Source Nobel Energy: Industry Development

29. Source: Ministry of Energy, Industry and Tourism.

30. Source: Ministry of Energy, Industry and Tourism.

31. Source: CYGAS – INVESTMENT OPPORTUNITIES

32. Source: CYGAS – INVESTMENT OPPORTUNITIES

33. Source: Hyperion Systems Engineering. Man Power Training and Job Opportunities
COGA aims in promoting educational and training programs in association
with training institutions and educators in the following fields:

34. Please visit www.cyoilgas.org for information and updates
THANK YOU FOR YOUR ATTENTION
Cyprus Oil & Gas Association
Member Services & Inquiries
CCCI Head office
Deligiorgi 8, & Griva Digeni
Nicosia
Cyprus
E-Mail Address: info@cyoilgas.org
E-Mail Address: avaroshiotis@cyoilgas.org
Dept. of Services and Trade
Cyprus Chamber of Commerce and Industry
Direct Line: +357 22 889706
E-Mail Address: andersson@ccci.org.cy