Eni, Total Join for Another Gas Search License off Cyprus

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Eni, Total Join for Another Gas Search License...
 © The National Herald 2019
NICOSIA (AP) — Energy companies Total of France and Italy’s Eni have teamed up to expand their search for natural gas off southern coast, signing a licensing agreement Wednesday.

Cypriot Energy Minister Georgios Lakkotrypis said the companies will have an equal share in a new block into which a gas deposit that Eni discovered in an adjacent block last year is believed to extend.

Lakkotrypis said Total also gains a 20-40% share in four of Eni’s concessions inside Cyprus’ exclusive economic zone. Korea’s Kogas is also a partner...


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Eni, Total Join for Another Gas Search License off Cyprus


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Article Tags: total, another, search, license, cyprus,