Forbes: Lack of Progress Casts Shadow on Cypriot Gas Aspirations

For the second time the last few months, energy companies have failed to find exploitable natural gas reserves off the coast of Cyprus, casting some doubt on the country’s energy aspirations.

Late last week, Italian energy company Eni and Korea Gas Corp (KOGAS) announced that their drilling efforts had once again come up dry. The consortium had similar results during a drilling effort last year on the same block.

The failure to find viable reserves adds to the strain on the country’s energy push.

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