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    Reuters: Eni, KOGAS Find No Exploitable Hydrocarbons Off Cyprus

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Summary

The consortium of Eni and KOGAS has announced today that it has come up dry for gas off the south coast of Cyprus

by: Erica Mills

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Reuters: Eni, KOGAS Find No Exploitable Hydrocarbons Off Cyprus

Italian energy company Eni and Korea Gas Corp (KOGAS) failed to find exploitable hydrocarbons off Cyprus, the second time energy companies have drawn blanks in recent months in what was otherwise considered a promising region.

Cyprus's energy ministry said a consortium between the two failed to find gas on their second drilling in an offshore block south of the island.

Read the full article HERE.

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