Co-operation With America Throughout

The hydrocarbon discoveries in Cypriot waters, part of the Eastern Mediterranean bonanza, were "Godsent". However, a bigger gift for Cyprus was the weakening relations between Turkey and Israel. This rift forced Israel to seek a multifaceted and mutually beneficial co-operation with the Cypriot Republic. ...

Read more

Cyprus Bailout: Russia Misses Chance for Natural Gas

Negotiations for Cyprus’ bailout, which has hinged largely on its hydrocarbons future, have ended with Russia missing the chance to swap aid for offshore exploration licenses and the Greek Cypriots agreeing to an EU bailout package that hits at the Russian oligarchy by shutting down the island’s second-largest bank. ...

Read more

Can Natural Gas Save Cyprus?

After Cyprus was left scrambling to salvage a bailout package left nearly dead after a titanic misstep last week, the country’s new-found energy potential finally entered the conversation despite assurances from on high that it would not. ...

Read more

Energy Reserves No Quick Fix for Cyprus

The discovery of significant energy reserves in the eastern Mediterranean over the past two years has been held up as a beacon of hope for debt-crippled Cyprus. Top officials have repeatedly highlighted the prospect of future income from the gas reserves as a way out of the country’s current economic mess. Most recently, President Nicos Anastasiades said Cyprus would compensate bank depositors who have lost ...

Read more

© 2013 Energy Tribune

Scroll to top