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Cyprus: A European Alternative to Russian Gas Dependency

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Cyprus could become a European alternative to Russian gas dependency, which has caused geopolitical turbulence on the European continent.

Cyprus
Photo by envato elements

The Cypriot drilling “Cronos-1” started on Monday in block 6 of the Cyprus Exclusive Economic Zone (EEZ) by the consortium Eni and Total according to an announcement of the Ministry of Energy, Trade and Industry of Cyprus.

Cyprus: A European Alternative to Russian Gas Dependency

“The Ministry of Energy, Trade and Industry announces, the arrival of the Tungsten Explorer drilling vessel, the Cronos-1 drilling works in Section 6 of the Exclusive Economic Zone of the Republic of Cyprus have started, by the consortium Eni Cyprus Limited and TotalEnergies EP Cyprus B.V. holds a Hydrocarbon Exploration License for this Item.

Cyprus: A European Alternative to Russian Gas Dependency - GEOPOLITIKI
Photo by Ronnie Robertson, CC BY-SA 2.0

The drilling works will be monitored on a continuous basis by the staff of the Hydrocarbon Service, the Ministry of Energy, Trade and Industry, ” the announcement of the Cypriot ministry states.

It is recalled that at the end of last March completed the work of the evaluation drilling “Glaucus-2” (GLAUCOS 2) in block 10 of the Cyprus EEZ that had started in December 2021.

The drilling had demonstrated the presence of a gas reservoir with high quality characteristics.

Some 37% of the territory of the Republic of Cyprus is under Turkish occupation since 1974.

Read also: NATO Crisis: Finland and Sweden send delegations to Turkey – GEOPOLITIKI

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