High stakes in gas standoff between Cyprus and TurkeyLongtime adversaries Cyprus and Turkey are locked in a tense "game of chicken" over the prospect of a multi-billion-dollar Mediterranean gas bonanza with neither side willing to capitulate, analysts say. Turkey vowed to escalate its activities in waters around the island after the European Union on Monday agreed measures to punish Ankara for pursuing "illegal" drilling in Cyprus's exclusive economic zone. "This is a tit-for-tat game where nobody is ready to back down, with Turkey willing to go one step further," Hubert Faustmann, professor of history and political science at the University of Nicosia, told AFP.




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