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All eyes are zeroing in on Cyprus after a major British oil company announced Monday it had agreed to buy a stake in one of the island's offshore gas deposit in the aim to supply Egypt with natural gas.Yiorgos Lakkotrypis said U.S. company Noble energy had cut a deal with BG International for a 35-percent stake in an area, or block, where a field estimated to contain more than 4 trillion cubic feet of gas has been found. Exporting natural gas to Europe, according to some Cypriot officials interviewed by The Daily Star, may be temporarily put on the back burner due the delicate reunification talks with Turkish Cypriot officials.One Cypriot official, who spoke on condition of anonymity, said that Cyprus also supported an initiative to try and resolve the dispute between Lebanon and Israel over 870 kilometers of territorial water believed to contain large amounts of natural gas.There are over 200,000 Greek Cypriot refugees who fled to the Greek Cypriot part after Turkish forces seized Northern Cyprus.For the time being, the Cypriot government and the oil companies will try to drill gas in the Aphrodite field in 2020 and start exporting to Egypt in 2022 .
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