Tag Archives: LNG

No gas drilling for two years. More time for Cyprob?

No gas drilling for two years. More time for Cyprob?

The gas bonanza seems to be over before it even started. With either dry wells or nothing worth drilling for, Noble’s Aphrodite in Block 12 is the only exploitable field for the foreseeable future. Energy Minister George Lakkotrypis announced yesterday that after drilling to a depth of 5,485 metres, the Eni-Kogas consortium had “not identified

“Cyprus gas exploration and the political dispute”

http://www.worldbulletin.net/cyprus/145124/turkish-warship-monitors-cyprus-gas-exploration “The discovery of natural gas reserves in the eastern Mediterranean’s Levant sea basin, which is found within Cypriot waters, is considered to be a possible alternative to Russian gas. However, a 40-year political dispute between the island’s Turkish Cypriots and Greek Cypriots are proving to be an obstacle to the shipment of the newfound

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