A major breakthrough was made through the ELPE seismic surveys, as there is evidence of a huge amount of natural gas south of Crete.

Exxon Mobil-Qatar Petroleum are talking with the Cypriot government about a 40% of the R&D rights of Block 10 inside the country’s EEZ. The colossal state energy company Qatar Petroleum (QP) is expanding especially on the LNG sector in Maroko and Cyprus.