The detection of carbonate layers in the southern part of Cyprus’ Exclusive Economic Zone (EEZ), which could hold pockets of natural gas, was a chief reason behind the government’s decision to launch a third oil and gas licensing round, Energy Minister Giorgos Lakkotrypis has said.
According to a notice recently published, in the EU’s official journal, Cyprus is now inviting bids for exploration of hydrocarbons in offshore blocks 6, 8 and 10.
