Navies Circle Cyprus As It Explores Natural Gas

Navies crowd into once placid waters as Turkey presses Cyprus on gas reserves Turkey has a corvette, frigate and helicopters escorting its exploration vessel, the Piri Reis, as it explores for gas and oil. The US has quietly dispatched an aircraft and Russian naval vessels have been seen patrolling. News reports say US reconnaissance planes […]

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Israeli Public Battles Over Natural Gas Bounty

A government panel proposes a new tax regime for energy profits, cheering social activists and angering explorers. Israel’s social activists and its energy barons drew their swords on Thursday as the fight over who will get what share of Israel’s natural gas windfall got underway. The lines of battle were laid out by a government […]