ExxonMobil awarded block 5 exploration rights

Cyprus has awarded natural gas exploration rights for an offshore block to the ExxonMobil and Qatar Petroleum consortium, Energy Minister Natasa Pilides announced. In comments to the press, Pilides said that Block

Lack of Nat gas good for consumers

Despite Cypriot consumers paying a high price for the delays in the arrival of natural gas, a jump in the market price has played out in Cyprus’ favour. The island is one

ExxonMobil test drill results in March

Results of confirmatory drilling in the Glafcos gas field to be conducted by the ExxonMobil-Qatar Petroleum joint venture will not be known before March, Energy Minister Natasa Pilides said. ExxonMobil is scheduled

EuroAsia cable to cut 20% CO2 emissions

Two key energy projects, the EuroAsia Interconnector subsea electricity cable and importing natural gas for power generation, will end the energy isolation of Cyprus and reduce emissions. Both goals align with EU

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