Russia gains vast new area twice the size of Crimea with ‘the energy riches of an Ali Baba’s cave’

The Siberian land mass is officially 52,000 square kilometres bigger after an enclave in the Sea of Okhotsk was recognised as part of Russia’s continental shelf. The decision comes from the UN Commission on the Limits of the Continental Shelf.

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The underwater area is roughly the size of Holland and Belgium combined.

Cyprus signs LNG deal with US-Israeli partnership

As was predicted in a previous post, is being done. A ‘United States of Europe’ is slowly but surely being formed.

Cyprus inked a deal with a US-Israeli partnership on Wednesday to build a liquefied natural gas plant on the island to exploit untapped energy riches.

A memorandum of understanding was signed between Cyprus and a partnership comprising US-based Noble Energy International and Israeli companies Delek Drilling and Avner Oil Exploration to build a LNG facility at Vassiliko near the southern resort town of Limassol.

“The signing … represents the next milestone on the road map for the exploitation of gas reserves in Cyprus’ Exclusive Economic Zone,” said Cyprus Energy and Commerce Minister George Lakkotrypis at the official ceremony.