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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... 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/