CYPRUS

 

Total, Cyprus In LNG MoU

 

Total, the only major exploring offshore Cyprus, has provisionally signed up to Nicosia’s plans for LNG exports. But CEO Christophe de Margerie says that for the region’s reserves to be fully exploited “pragmatic” politics will have to reign.

Last week’s Total/Nicosia Memorandum of  Understanding “records the support of Total for the monetization of potential natural gas reserves in Blocks 10 and 11...