Latest Headlines

South to begin more offshore gas exploration

29 May 2014

Further offshore exploratory drilling is expected to begin sooner than originally scheduled as more natural gas reserves have to be found before proceeding with plans for a liquefied natural gas terminal on the island, Greek Cypriot Energy Minister Giorgos Lakkotrypis said on Thursday, ‘Cyprus Mail’ reports.

“Right now, what is important is to find more gas and for this reason we are trying to accelerate the exploratory drilling procedure inside Cyprus’ Exclusive Economic Zone (EEZ),” he said. “I hope that we will start exploratory activities in the summer, rather than by the end of the year as was originally planned, to have a fuller picture of the confirmed natural gas reserves.”

Hydrocarbon exploration in the south-eastern Mediterranean is expected to be at the top of the agenda during meetings Lakkotrypis will be having on Friday in Lebanon.

The minister departs for Beirut tonight and returns tomorrow.

By