Famagusta Gazette: French quit Cyprus energy search after finding nothing

The French company Total are quitting their energy search after finding no evidence for the existence of natural gas in blocks 10 and 11 of the Cyprus Exclusive Economic Zone, according to local media.

Politis reports that the company is seriously contemplating withdrawing permanently from the Cypriot EEZ, whilst Sigmalive reports the French company spent millions of euros on surveys in the two blocks, but without success.

Energy Minister George Lakkotrypis said that Total had been in contact with the government since September regarding the situation.

Speaking on CyBC radio this morning, Lakkotrypis said the decision of the French company is not final and the situation will be clearer next week. He said the situation has no connection to the recent Turkish offshore provocations.
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