Monday, January 24, 2011

Mediterranean gas finds have Cypriots dreaming of riches - The National

"Mediterranean gas finds have Cypriots dreaming of riches

Michael Theodoulou and Thomas Seibert

Cyprus has suddenly become the nexus of potentially spectacular hydrocarbon riches in the eastern Mediterranean, where oil wealth was formerly associated only with olive trees.

Cyprus's energy chief, Solon Kassinis, declared this month that there are indications of natural gas deposits in the island's waters of some 10 trillion cubic feet near Israel's giant Tamar and Leviathan gas fields."

More:Mediterranean gas finds have Cypriots dreaming of riches - The National