
As Cyprus recovers from the disappointment over the failure to find commercially viable natural gas at the Electra-1 target, Energy Minister George Papanastasiou has said the outcome is not as negative as it seems.
He noted that Electra-1 had only a 20 per cent chance of success from the outset . “The result is actually quite encouraging,” he said. “It suggests that reserves may exist elsewhere in the area.”
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