The recent discovery by ExxonMobil & Qatar Petroleum of natural gas deposits off the coast of Cyprus is larger than 40% of the EU’s natural gas consumption in 2018
The consortium managing the project is attempting to assess the interest in the companies that are active in the field
What does Erdogan have in mind?
Bulgaria and Serbia have already proceeded to build the infrastructure for receiving gas
The area has been cordoned off by the police and the military
New bipartisan legislation has been introduced in Congress to lift the American arms embargo on Cyprus
"We’re in the process of identifying the individuals and collecting data on the crews"
Turkey is trying to escalate the tensions
Cyprus expects the intervention of the UN Security Council, which is expected to issue a strict warning to Turkey
Cyprus is assessed to gain significant geopolitical benefits from its commercially viable levels of hydrocarbon resources