FT: Turkey gas move piles pressure on Cyprus

Turkey is seeking to ratchet up the pressure on Cyprus as the island battles with financial crisis by taking action against energy groups that collaborate with the Cypriot government over offshore gas.

Taner Yildiz, Turkish energy minister, announced on Wednesday that Eni, the Italian energy giant, would be barred from current and future projects in Turkey if it proceeded with a licence it won in January to explore gas off the Cyprus coast.  MORE