NOBLE Energy has found 35 trillion cubic feet of natural gas in the Eastern Mediterranean basin; a much larger quantity than required to cover the needs of Cyprus and Israel.
The finding was announced by the company’s CEO Charles Davidson at a function at the Cyprus US Chamber of Commerce in New York, where the Cyprus government honoured Mr Davidson and Noble.
Mr Davidson expressed the conviction that a great opportunity is opening for carrying Cypriot natural gas to many European and Asian countries and for Cyprus to improve its relations with its neighbours.
He assured that the Noble team is working in co-ordination with the government of Cyprus in drawing up a plan that will guarantee the transport of natural gas to Cyprus as soon as possible and the building of an installation that will allow exports.
In an address read at the event, President Christofias expressed the gratitude of the government and people of Cyprus to Mr Davidson and Noble Energy, underlining that the natural gas finding in Cyprus’ exclusive economic zone cannot be underestimated. It has massive geo-strategic and political importance for EU energy security as well as promoting peace and co-operation in the Eastern Mediterranean.