Cyprus issues two licences for offshore gas exploration

Cyprus licenced Italy's ENI and South Korea's Kogas in January 2013 for offshore gas exploration, in a move that would in the medium term help the Cyprus economy although currently Cyprus was in line for an international bailout because of its exposure to debt-crippled Greece.

Other related hyperlinks provide more information generally on the implications of the gas discoveries for Cyprus and the region.

ESO: Background information: Cyprus – a Future Energy Hub? http://www.europeansources.info/record/cyprus-a-future-energy-hub/

ESO: Background Information: Cyprus bailout delayed amid debt restructuring reports http://www.europeansources.info/record/cyprus-bailout-delayed-amid-debt-restructuring-reports/

Kathimerini, 26.01.13: Toward a United States of Cyprus, fueled by natural gas http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_26/01/2013_480532

Natural Gas Europe: News: Cyprus http://www.naturalgaseurope.com/category/other-countries/cyprus

Blog: Policy Review, January 2014: Cypriot gas could promote reconciliation and stability on the island http://www.policyreview.eu/cypriot-gas-could-promote-reconciliation-and-stability-on-the-island/

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