WASHINGTON—On September 23, the drill ship SAIPEM 10000 — built in South Korea at the cost of $250 million and flying the flag of the Bahamas — arrived in the Exclusive Economic Zone (EEZ) of Cyprus to begin exploring for gas under a license awarded to an Italian-South Korean consortium, ENI-KOGAS. The Cyprus government hopes that additional discoveries over the next 18 months in its EEZ will be sufficient to make its plans to build a liquefied natural gas (LNG) plant on the island, to condition gas for export, commercially viable.
The Turkish authorities declared that the drill ship violated Turkey’s area of maritime jurisdiction and sent the Corvette Bafra to monitor operations. Another Turkish warship, the Gelibolu, engaged in planned maneuvers south of Cyprus ostensibly to ensure maritime safety in the eastern Mediterranean. The Cyprus foreign minister, Ioannis Kasoulides, said that exploration would continue despite Turkey’s “potential harassment.” Continue reading
…and now we have factual proof as to why a German-led European Union had pushed Russia out of Cyprus and raided the cash vaults. It had nothing to do with corrupt Russian bankers, businessmen or shady politics. The hit was motivated by solidifying Europe’s future energy independence and positioning EU as a future world superpower. In previous posts, it was also mentioned that Greece would be the future corridor for forwarding energy from the Mediterranean, Middle East and northern African nations. Don’t count the ‘broke’ nation out of the game.
Turkey has sent a warship to the island of Cyprus to monitor a drillship that has been sent to search for natural gas reserves off the island’s coast.
Italian-Korean consortium ENI/KOGAS has sent the Bahamas flag-carrier Saipem 10000 drillship to the “Onasagoras” gas field in Block 9 of the island’s Exclusive Economic Zone (EEZ) on Tuesday.
In response, the Turkish navy has sent its Bafra Korveti warship to observe the drillship’s activities.
Greek Cypriot Foreign Minister Ioannis Kasoulides said on Wednesday that hydrocarbon exploration in the region will continue despite Turkey’s objections, calling Turkey’s actions ‘potential harassment’.