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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

  • 8 August 2019 New criteria for passport scheme

    New criteria for those wishing to obtain a Cyprus passport through the much... read more

  • 31 July 2019 This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 31 July 2019 Continuation of previous article This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 22 July 2019 Massive rise in new home construction

    The number of building permits authorised for the construction of new homes... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

  • 8 August 2019 New criteria for passport scheme

    New criteria for those wishing to obtain a Cyprus passport through the much... read more

  • 31 July 2019 This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 31 July 2019 Continuation of previous article This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 22 July 2019 Massive rise in new home construction

    The number of building permits authorised for the construction of new homes... read more

Energy Minister The Government is proceeding with the terminal liquefaction

As she said, "now confirmed discovery by the company Noble Energy International, a significant amount of natural gas in block 12 within the EEZ of Cyprus, an important step towards the realization of our goals."

Speaking this morning at the conference "The Eastern Mediterranean Today-Security, Political and Economic Dynamics" of the European Party in Nicosia, Mr. Lakkotrypis also said that they are already underway geophysical and geological surveys, is expected in the second half of 2014 companies Eni / Kogas and Total to proceed with the drilling of exploratory wells to detect gas or oil.

Subsequently, the Minister said that it is non-negotiable objective of Government 
the establishment of Cyprus as an energy center in South Mediterranean and as a connecting link between Europe and Asia.

Reported on five pillars on which, he said, supported the Cypriot strategy for optimal exploitation of mineral deposits and establish production of liquefied natural gas to Cyprus, which can serve and neighboring countries.

He also spoke about the evolution of the economy in the economy based on knowledge around issues hydrocarbons and attract investment through the transformation of Cyprus into a center where they are established companies that provide support services to the Cypriot EEZ and maritime space of neighboring states.

Finally, he referred to the transformation of Cyprus into a regional hub oil.

He added that the confirmed hydrocarbon reserves with new discoveries in the marine area of ​​Cyprus and neighboring countries, "can make the Southeast Mediterranean feeder reliable energy for Europe."

He said that the export of natural gas in liquefied form offers flexibility in choosing markets and processing capacity available quantities of natural gas from neighboring countries, which will enhance the geostrategic role in the country.

Particular mention was made on Mr. Lakkotrypis the prospect for closer and more systematic cooperation with neighboring states in the region.

It referred to the signing of the Memorandum of Understanding between Cyprus, Greece and Israel, a part of which relates to cooperation on environmental issues and another with the possible interconnection of the three countries with undersea electric cable.

This, he said, would contribute to ending the energy isolation of the island and lead to lower prices of electricity.

He said also that the creation of the necessary institutional framework to facilitate such cooperation is' ongoing pursuit "for the Government.

Complete that even by the governments of the region are invited to act quickly and boldly, evaluating all possible tools and options available.

'Shared ambition should be the ultimate objective to transform the Southeast Mediterranean in a safe and reliable source of energy, to the benefit not only of the peoples of the region and Europe, "the minister said.

Finally, he referred to the history of the delimitation of the EEZ with states in the region, product, he said, persistent and systematic work of three successive governments and said that the maritime area of ​​Cyprus not separating it from its neighbors, but is an area of ​​shared borders and interests .

In closing, Mr. Lakkotrypis conveyed to participants the greetings of President Anastasiadis, who said he was unable to attend due to prior commitments.

http://www.ant1iwo.com/oikonomia/2013/10/05/ypoyrgos-energeias-h-kynernhsh-proxwra-m/