The Cypriot government has terminated talks with the French-Russian consortium, which was in negotiations to develop Block 9 following the island’s second bid round. Cyprus had kicked off the formal talks in mid-November for production sharing agreements after shortlisting developers for four blocks on 30 October (MEES, 2 November).

The negotiations for Block 9, which was the most contested in the bidding round, will now be shifted from Russia’s Novatek and Gazprom, and French oil major Total, to a consortium including Italian oil company Eni and South Korea’s Kogas. (CONTINUED - 271 WORDS)