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Natural gas find offshore Cyprus worth tens of billions

On Wednesday, Nobel Energy announced that it had found natural gas reserves offshore the Republic of Cyprus and that results from drilling and initial evaluation work indicate the reserves amount to between 5 and 8 trillion cubic feet.

Furious Paralimni residents still await electric supply

Residents of a block of flats in Paralimni, a coastal town in the south east of Cyprus, who are without electricity are furious that their developer has built an illegal electricity substation in one of their garages to supply another building.

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