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The area is expected to have between 5 and 8 trillion feet Gas.
The Cypriot island is located in the east of the Mediterranean East Levant, Israel and Egypt have found some of the largest natural gas reserves in the last ten years.
He said Tristan AsparayThe vice president of the company, Exxon Mobil, is the chance to tackle the export of the Cyprus plant to gas exports.
Asparay said "Exxon Mobil" wants to seek other gas outside the southern coast of Cyprus.
The Energy Minister, Georgios Lacotripis, announced Wednesday that exploration work, the general findings show that hydrocarbons could be found in water.
The evidence showed that more hydrocarbons could be detected outside the eastern Mediterranean island, which could be an alternative European energy source.
The area is expected to have between 5-8 billion barrels of gas.
The Cypriot island is located in the east of the Mediterranean East Levant, and over the last ten years Israel and Egypt have already discovered the highest natural gas reserves.
Tristan Aspray, vice president of ExxonMobil, said that establishing a Cyprus plant was a possibility of managing gas exports.
Esparay stated that ExxonMobile was looking for more gas outside the southern coast of Cyprus.