NICOSIA, Jan 24 (Reuters) - ExxonMobil ( XOM ) and Qatar
Energy on Friday began exploratory drilling for natural gas in a
prospect west of Cyprus, Cyprus President Nikos Christodoulides
said on X.
The east Mediterranean has yielded some major gas
discoveries in recent years, and a disruption in energy supplies
from Russia after its 2022 invasion of Ukraine has sharpened
Europe's attention on securing alternative sources of supply.
"Cyprus progresses exploration activities, aiming to be an
alternative and reliable source of natural gas for the EU,"
Christodoulides wrote in his post.
He said drilling at the prospect, named Electra, got
underway on Friday morning.
ExxonMobil ( XOM ) executives have previously described Electra as
'highly promising'.
The company secured hydrocarbon exploration licences for
Cyprus in 2017. Other multinationals in the region include
U.S.'s Chevron (CVX.N), Italy's Eni (ENI.MI), and France's
TotalEnergies (TTEF.PA).
Cyprus has made modest finds offshore compared to
sizeable discoveries by neighbours Egypt and Israel. It has not
yet put any gas into production.
Co-operation on joint infrastructure projects for
transport of natural gas was the focus of talks held in Nicosia
on Friday between Cyprus's Energy Minister George Papanastasiou
and Egypt's Petroleum Minister, Karim Badawi.
The infrastructure could be part of a new energy
corridor to Europe, Cyprus's energy ministry said in a news
release.
Cyprus's drilling activities are being closely monitored
by Ankara, a Turkish defence ministry official said. The area
being drilled lies outside continental shelf boundaries declared
by Turkey, they added.
Cyprus and Turkey do not have diplomatic relations, and past
exploration efforts have exposed disputes and overlapping
claims.
The Mediterranean island nation is divided with the
internationally-recognised government in the south and a
breakaway Turkey-backed administration in the north.