ExxonMobil makes biggest natural gas discovery in two years off the coast of Cyprus
- DATE: Mar 07, 2019
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- CATEGORY: MARKET TRENDS
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- AUTHOR: OPulse Admin
· ExxonMobil announced on Thursday that it has made the world's third biggest natural gas discovery in two years off the coast of Cyprus in the Eastern Mediterranean.
· Based on preliminary interpretation of the well data, the discovery could represent a natural gas resource of approximately 5 trillion to 8 trillion cubic feet.
· The EU is considering developing a gas hub in the Mediterranean key to diversifying its energy sources and reducing its dependence on Russia.
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