Cyprus now on the energy map

Cyprus now on the energy map

 

By Elias Hazou

The Government yesterday made much of the inclusion of a hypothetical gas pipeline from Cyprus to Greece as part of broader EU efforts for energy independence and security.

During the European Council held earlier this week, President of the European Commission President Jose Manuel Barroso delivered a presentation depicting a subsea pipeline running from Cyprus to Greece through Crete.

The pipeline was featured on a map of the proposed Southern Corridor, which includes the Nabucco-West and Trans-Anatolian Pipeline as conduits bringing Azeri gas to the European continent.

Barroso noted that during the Council’s discussion on energy matters he stressed the importance of hydrocarbon reserves in the Levantine Basin and Cyprus’ prospect of becoming a regional energy hub.