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Obscure Cypriot Plots $10B East Med Gas Bet

by rigzone.com posted 3weeks ago 14 views
A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry. : (Bloomberg) -- A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry in a bid to unlock hundreds of billions of dollars of sales stymied by the political and industrial complexities of the region. Cynergy Group, an investment firm based in Cyprus, is looking to spend between $5 billion and $10 billion in the coming years buying under-utilized natural gas assets in the region, according to Chief Executive Officer Mike Germanos.

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