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NICOSIA, Cyprus — A field off Cyprus where U.S. firm Noble Energy is conducting exploratory drilling holds an estimated 5 trillion to 8 trillion cubic feet of natural gas, a significant find for the small island, the country’s president announced Wednesday.
Dimitris Christofias said the offshore discovery is attracting the interest of many foreign investors and is enabling the European Union member to contribute to the bloc’s energy security. But it could also risk heightening tensions with rival Turkey.
