Cyprus eyes gas reserves as bailout guarantee
Island hopes estimated seven trillion cubic feet of natural gas off south coast can help secure bailout funds.
Published On 21 Mar 2013
Cyprus plans to speed up offshore natural gas exploration as a way of attracting desperately needed investment to save its teetering economy.
The country hopes to start exporting the resource in 2018, but energy analysts say extracting the gas will prove costly and slow.
Al Jazeera’s Jonah Hull reports from Nicosia.
Source: Al Jazeera