Nicos Anastasia

Developments expected in Cyprus’ energy plans, says foreign minister

Developments are expected in the implementation of Cyprus' energy planning in the next few days, the country's Foreign Minister Nicos Christodoulides said on Thursday, speaking at an event to mark Europe Day in Nicosia.
Christodoulides also said Cypriot authorities will "very soon" issue the first arrest warrants for the crew of Turkey's Fatih drillship off Cyprus.

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.