ExxonMobil’s Stena IceMax drillship will initiate drilling in mid-January at the 'Electra' site within Block 5 of Cyprus' Exclusive Economic Zone. Energy Minister George Papanastasiou noted the promising geological formations at 'Electra'. The drilling program, in partnership with Qatar Energy, will also target the 'Pegasus' site in Block 10. This exploration aims to confirm the area's potential natural gas reserves.
Tag: George Papanastasiou
The future of the Great Sea Interconnector, an undersea electricity cable linking Greece, Cyprus, and Israel, will be decided next month. Cyprus' Energy Minister, George Papanastasiou, announced that a ruling on whether Cypriot consumers will cover the construction costs is expected in August. The 1.9-billion-euro project, partly financed by the EU, aims to reduce energy isolation and lower prices through increased renewable energy.
In a significant development for Cyprus' energy sector, the implementation of the Greece-Cyprus electrical interconnection,…
In a significant announcement, the Cultural Center Stavros Niarchos Foundation Monoprosopi S.A. (SNFCC) has appointed…