x

Society

Failed Cyprus Gas Hunt Like Norway’s

NICOSIA — Cyprus’ President sought to draw a parallel with oil-rich Norway after the latest failure in the Mediterranean island nation’s quest for gas.

President Nicos Anastasiades told reporters he’s not disheartened by the failure of an Italian-South Korean consortium to find commercially viable amounts of gas during exploratory drilling in an area off Cyprus’ southern coast.

“There are similar instances in Norway where three licensing rounds were unsuccessful, but the fourth showed that it was the richest deposit,” he said.

His comments came after the country’s energy ministry said a rig owned by the Eni-Kogas consortium didn’t discover any “exploitable concentrations of hydrocarbons” during a drill to a depth of 5,485 meters (18,000 feet).

This is the consortium’s second failure to find any gas following a previous drill last year. The ministry said the consortium will review procedures in order to help with its future gas search plans.

And in January, France’s Total said it had failed to find any potential fields off Cyprus to warrant drilling.

Energy Minister Yiorgos Lakkotrypis said the gas search will continue and that the latest results “don’t mean that we don’t have hydrocarbons” in Cypriot waters.

“There are questions of a geological nature which must be answered,” said Lakkotrypis. “As more geological data is collected, we’ll get a clearer picture and the risk for future drilling will be reduced.”

Cyprus still banks on one proven deposit in which U.S. company Noble Energy and Israel’s Delek and Avner are partners in a field that’s estimated to contain more than 4 trillion cubic feet of gas.

Cyprus is in talks with Egypt to supply gas, with Jordan another potential buyer.

Anastasiades has maintained that offshore gas finds could act as a catalyst to reaching a deal with breakaway Turkish Cypriots on reunifying the country, ethnically divided in 1974 when Turkey invaded after a coup aiming to unity the island with Greece.

RELATED

Despite constant efforts to show it’s not a haven for the rich and criminals to hide their cash, Cyprus was once again rebuked for money laundering and financial interests, this time by the European Commission.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

NEW YORK – Mike Labatos, AHEPA District 6 Lt.

Cretans are known for loving their guns but the island has the dubious record of having the highest rates of suicide in Greece over the last 25 years, averaging 2.

ATHENS - Forgetting the 2010-18 economic and austerity crisis that saw people so desperate they were picking food out of rubbish and supermarket bins, Greeks are among the European countries with the ignominious title of food wasters.

PARIS (AP) — The second retractable roof at Roland Garros will be inaugurated on the opening day of the French Open next month, organizers said on Thursday about a project planned with the Paris Olympics in mind.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.