ExxonMobil makes biggest natural gas discovery in two years off the coast of Cyprus

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ATHENS- Exxon Mobil announced on Thursday that it has made the world’s third-biggest natural gas discovery in two years off the coast of Cyprus in the Eastern Mediterranean at the Glaucus-1 well.

  • Nasos Koukakis
  • CNBC

The region is already know for some of the world’s largest such discoveries.

It wants to become an alternative energy source for Europe.

Based on preliminary interpretation of the well data, the discovery could represent a natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic meters).

Further analysis in the coming months will be required to better determine the…

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