Cyprus and Egypt will sign two landmark natural gas agreements on Monday, marking the first-ever commercialization of Cyprus’s offshore reserves. These deals, involving major energy companies like ENI, Total, Chevron, Shell, and NewMed, are expected to significantly boost Cyprus’s economy and reduce electricity prices.
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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.
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The Greek tennis player Stefanos Tsitsipas reached the final of the Stockholm tournament but unfortunately…