News sources are now picking up on what was mentioned here long ago. This will be used a main provider of energy to Europe, which will be more stable than supplies from Russia, who has turned off the switch in political ploys. Due to this fact, don’t count Greece or Cyprus out of the EU membership list as they will both have an important role in the Europe’s future.
Cyprus plans to become a regional hub in the Eastern Mediterranean Sea for the export of liquefied natural gas as the small island and its neighbors sit on huge offshore reserves, Cypriot officials say.
The nation’s aspirations are driven by recent discoveries in the Levant Basin, a stretch of sea that extends from the coasts of Israel, Lebanon and Syria and is estimated to contain 122 trillion cubic feet of gas. 1 trillion cubic feet of natural gas is enough to meet the needs of 5 million households for 15 years, according to the American Gas Association. Continue reading