Our View: Electricity costs can’t wait for gas pipelines

The disappointing results of the gas drilling at the Elektra-1 well in Block 5 of the Cypriot EEZ may have caused some surprise, bearing in mind ExxonMobil’s earlier assessment of its prospects, but it is nothing that really affects Cyprus at present. It is possible the government would have made a big issue out of positive drilling results, but even in such a case it is unlikely it would have impressed the public.

People, with ample justification, have become rather cynical about gas exploration...