Disappointing Drilling Results in Cyprus's Exclusive Economic Zone
April 11, 2025
Journalist Peter Stevenson reports that Cyprus's hopes for a large natural gas reservoir in the Elektra area have been dashed. The drilling results show that while there is natural gas, it is not in commercially viable quantities. Nonetheless, ExxonMobil will continue drilling, hoping to find gas in block 10. Overall, the situation remains disappointing for Cyprus.