I have seen the offshore exploration prospect in presentations on Noble Energy’s website. It is huge and on trend with the giant gas discoveries Tamar and Leviathan offshore Israel.
The Turks have no rights in these southern waters off Cyprus. To the east, borders are with Israel, then north to Lebanon.
If Turkey makes a move on the Cypriots in the event of discovery, it will be a reactivation of a longstanding war. There are many more ethnic Turks living in occupied Cyprus (north part of the island) than in the country republic of Cyprus (south). Of course it is nothing new for the Ottomans to be picking on Cyprus.
Thanks FE. I think it will appear to be getting to the brink, then blow over, and not to Turkey’s benefit. Putin and/or Medvedev will travel to the Balkans soon.
But Turkey is part of NATO now. For whatever that’s worth.