Pipeline Dreams (The Weekly Standard)

On January 30, the deepwater drillship Saipem 12000 sent its drill bit into a cavern beneath one-and-a-quarter miles of water and a mile of rock in the eastern Mediterranean. The Italian oil and gas company Eni, which had contracted the ship, announced a week later that the cavern, called Calypso, was “an extended gas column,” containing an estimated six to eight trillion cubic feet of natural gas.

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