Cyprus is the most reliable neighbor of Israel, President of the Republic of Cyprus Nicos Anastasiades has said, adding that the discovery of hydrocarbons in the Mediterranean sea creates new prospects for the relations between the two countries. ...

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. ...

Cyprus' offshore natural gas deposits are enough to warrant the construction of a gas processing plant to export excess supply, regardless of whether Israel decides to be a partner in the project, the Greek Cypriot foreign minister said. ...

The Cypriot government has the best chance to get its natural gas to the global market through Turkey's help, Turkish Finance Minister Mehmet Simsek said. ...

The bizarre drama currently playing out over a Cyprus “bailout/bail-in” has another entire dimension. That is a behind-the-scenes battle for control of the expanding EU natural gas market over the coming decades. ...

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. ...

The price of oil inched up closer to $93 a barrel Friday after a big slide the day before as the financial crisis in Cyprus kept traders on edge. ...

Turkey could challenge any move by Cyprus to speed up offshore natural gas exploration as a way of attracting desperately needed investment to save its teetering economy, senior Turkish officials said Thursday. ...

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. ...

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 ...