Cyprus: Field holds 5-8 trillion cubic feet of gas

The president of Cyprus says a field off the island's south coast where US firm Noble Energy is conducting exploratory drilling is estimated to hold 5 trillion to 8 trillion cubic feet of natural gas.

Wednesday's announcement was the first time the field's size has been estimated based on actual drilling results. The result was quite sizable for a small nation such as Cyprus. Officials have said 1 trillion cubic feet could meet Cyprus' energy needs for 30 years. (AP)