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    Cyprus says Turkish seismic vessel encroaching on its offshore gas fields

    News // October 23, 2014

    Reuters reports that Cyprus said on Monday a Turkish research vessel had encroached on an area off its southern coast where it is searching for gas, and it was preparing "countermeasures" in an escalating row over rights to hydrocarbons in the eastern Mediterranean.

    Cyprus, a member of the European Union, has become particularly keen to develop offshore gas reserves as a potential source of revenue since it was compelled to seek an international financial bailout in early 2013.

    Greek Cypriot authorities said the Turkish vessel Barbaros, which collects seismic data, entered its exclusive economic zone and intended to stay in the area according to a maritime advisory issued in early October.

    "This is a clear violation of Cypriot sovereign rights," said Nicos Christodoulides, the Cypriot government spokesman.

    The full article is at:

    http://www.reuters.com/article/2014/10/20/cyprus-turkey-gas-idUSL6N0SF32C20141020

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