Exclusive economic zone

New Cyprus gas find seen as game changer

The announcement on Thursday that US energy giant ExxonMobil has made a "world-class" discovery in Block 10 of Cyprus's exclusive economic zone (EEZ), containing 5-8 trillion cubic feet of gas, was widely seen as signifying that the energy game in the Eastern Mediterranean has only just begun and the main players' next moves will determine their future geopolitical position in the wider region.

ExxonMobil announces discovery of gas reserve in Cyprus

US oil giant ExxonMobil announced on Thursday the discovery of a significant offshore gas find in Cyprus's Block 10, Kathimerini Cyprus reported.
According to the preliminary interpretation of the data, the natural gas reservoir at the Glaucus-1 well is estimated between 5 trillion to 8 trillion cubic feet.

US's Palmer urges restraint in East Mediterranean

Visiting US Deputy Assistant Secretary of State Matthew Palmer has urged all sides interested in the goings-on in Cyprus's exclusive economic zone (EEZ) to practice restraint and reiterated Washington's support for United Nations-backed efforts for a solution on the island entailing a bizonal, bicommunal federation.

ExxonMobil to reportedly announce large discovery in Cyprus' plot 10 next week

American energy giant ExxonMobil is expected to announce a discovery of a large gas reserve in plot 10 of Cyprus' Exclusive Economic Zone (EEZ) next week, according to Cyprus' Sigma Live news network.

The Cypriot station referred to a report by Italy's Agenzia Nova that cited a high-level Cypriot source at the the Egypt Petroleum Show (EGYPS) in Cairo which ended on Wednesday.

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