Editing Economy of Cyprus (section)

==Oil and gas==
Surveys suggest more than 100&nbsp;trillion cubic feet (2.831&nbsp;trillion cubic metres) of [[Natural gas by country|reserves]] lie untapped in the eastern Mediterranean basin between Cyprus and Israel – almost equal to the world's total annual consumption of natural gas.<ref>[http://in.reuters.com/article/energy-cyprus-gas-idINL6E8I63R920120706 Cyprus hopes gas export income will flow by 2019] {{Webarchive|url=https://web.archive.org/web/20190528215025/https://in.reuters.com/article/energy-cyprus-gas-idINL6E8I63R920120706 |date=28 May 2019 }} Reuters.com 6 July 2012</ref> In 2011, [[Noble Energy]] estimated that a pipeline to [[Leviathan gas field]] could be in operation as soon as 2014 or 2015.<ref name="Oil and gas for Cyprus and Israel">[https://www.economist.com/blogs/theworldin2012/2011/11/oil-and-gas-cyprus-and-israel Oil and gas for Cyprus and Israel] Economist.com 15 November 2011</ref> In January 2012, Noble Energy announced a natural gas field discovery.<ref name=":0">{{Cite web|url=https://www2.deloitte.com/content/dam/Deloitte/cy/Documents/energy-resources/oil-and-gas/CY_EnergyAndResources_OilAndGas_Noexp.pdf |archive-url=https://ghostarchive.org/archive/20221009/https://www2.deloitte.com/content/dam/Deloitte/cy/Documents/energy-resources/oil-and-gas/CY_EnergyAndResources_OilAndGas_Noexp.pdf |archive-date=2022-10-09 |url-status=live|title=Cyprus {{!}} Oil & Gas|date=2018|publisher=[[Deloitte]]|access-date=24 April 2020}}</ref> It attracted [[Royal Dutch Shell|Shell]], [[Delek]] and Avner as partners.<ref name=":0" /> Several [[Production sharing agreement|production sharing contracts]] for exploration were signed with international companies, including [[Eni]], [[Korea Gas Corporation|KOGAS]], [[TotalEnergies]], [[ExxonMobil]] and [[QatarEnergy]].<ref>{{Cite web|url=https://lebanongasnews.com/wp/production-sharing-contract-signed-for-cyprus-block-10/|title=Production Sharing contract signed for Cyprus block 10|date=5 April 2017|website=Lebanon Gas News|language=en-US|access-date=29 April 2020|archive-date=19 April 2021|archive-url=https://web.archive.org/web/20210419211246/https://lebanongasnews.com/wp/production-sharing-contract-signed-for-cyprus-block-10/|url-status=dead}}</ref><ref name=":0" /> It is necessary to develop infrastructure for landing the gas in Cyprus and for [[Liquefied natural gas|liquefaction]] for export.<ref name=":0" />