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Eastern Mediterranean gas creates new allies—and deepens old enmities

  • John Psaropoulos
  • the weekly Standard

On January 30, the deepwater drillship Saipem 12000 sent its drill bit into a cavern beneath one-and-a-quarter miles of water and a mile of rock in the eastern Mediterranean.

Stad 3cThe Italian oil and gas company Eni, which had contracted the ship, announced a week later that the cavern, called Calypso, was “an extended gas column,” containing an estimated six to eight trillion cubic feet of natural gas.

The gas deposit lies under Cyprus’s exclusive economic zone—the area off a country’s coast where it has sovereign rights to exploit, manage, and…

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