US State Department recognises Cyprus’ rights in newly discovered gas deposit

·

A huge natural gas deposit has been discovered by drilling partners, Eni of Italy and France’s Total, about 160 km off Cyprus’ southern coastline.

According to a statement by the Cypriot energy ministry, the new discovery was made at the Cronos-1 well inside Cyprus’ Exclusive Economic Zone (EEZ) and is estimated to contain around 2.5 trillion cubic feet of hydrocarbon.

This is the second deposit that the Eni-Total consortium has discovered there.

News of the discovery has been welcomed by the US State Department, which said Cyprus has the right to develop resources within its EEZ.

As reported by AMNA a US State Department spokesperson said that developing natural resources in the East Mediterranean should promote cooperation and contribute to energy security and economic prosperity of the entire area.

US Department of State

“The United States remains united with its allies and partners in their commitment to promoting European energy security, reducing the region’s dependence on Russian energy, and continuing to pressure the Kremlin,” the spokesperson said.

“The United States recognises the right of the Cyprus Republic to develop the resources lying within its EEZ.

“Oil and natural resources and all its resources, in general, should be fairly shared between the Greek and Turkish communities.”

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Chris Christofi becomes highest fundraiser in Vinnies CEO Sleepout history

Melbourne entrepreneur and long-time Vinnies ambassador Chris Christofi has raised $400,000 in this year’s Vinnies CEO Sleepout.

Over $17,000 raised for St John NT through Darwin GleNTi 2025 festival

More than $17,000 was raised for St John NT at this year’s Darwin GleNTi festival, thanks to the generosity of attendees.

Major changes for Macquarie Greek Studies Foundation as language program nears end

Macquarie Greek Studies Foundation held its Annual General Meeting at the AHEPA Hall on Sunday, June 22 from 4:30pm.

Derbies, underdogs, and big clashes set for Australia Cup Round of 32

The fixtures for the Hahn Australia Cup 2025 Round of 32 have been revealed following the tournament’s Official Draw on Wednesday night.

Estudiantina of Melbourne to perform soulful tribute to Greek music pioneers

Estudiantina of Melbourne return to Bird’s Basement on Friday, July 25 to present a heartfelt tribute to Rita Abadzi and Kostas Roukounas.

You May Also Like

Two boats carrying 67 migrants reaches Greek shores on island of Lesvos

Two boats carrying a total of 67 migrants and refugees touched down on Greek shores on the island of Lesvos late Thursday

No regrets when it comes to caring for our elderly

Australian Cypriot author Helena Kidd reflects on the time she was looking after her elderly migrant mother, Maria Savvas.

Cyprus Supreme Court removes Comptroller General Odysseas Michaelides for misconduct

Cyprus has mandated the removal of Comptroller General Odysseas Michaelides, due to misconduct and interference with judiciary's operations.