Crucial Developments for Drilling in Cyprus' Exclusive Economic Zone
March 21, 2025
Next week is expected to be crucial for the drilling at the 'Electra' target in the Cyprus Exclusive Economic Zone. Results from the ExxonMobil and Qatar Energy partnership are anticipated. The Minister of Energy, George Papanastasiou, stated that indicators are positive but advised caution. Meetings with ExxonMobil and Chevron in the US are also scheduled regarding the commercialization of Cypriot natural gas reserves.