Cyprus Energy Minister: Five exploratory drills over the next two years

Cyprus Energy Minister: Five exploratory drills over the next two years

By Michalis Michael

Ankara’s goal is to cause instability in the Eastern Mediterranean and discourage energy giants, the Ministry says.

Five exploratory and five confirmatory drillings in the licensed plots of the Cypriot EEZ will take place over the next two years, according to the Minister of Energy of the Republic of Cyprus, Georgios Lakkotrypis.

Speaking at the Economist conference in Athens, Lakkotrypis referred to the recent discovery by ExxonMobil and Qatar Petroleum of natural gas deposits off the coast of Cyprus, referring to an amount larger than 40% of the EU’s natural gas consumption in 2018.

“This is a breakthrough that will of course help us move towards the creation of an energy corridor whether you are a producer country, a consumer country or a transit country,” he noted.

With regard to Turkish violations in the Cypriot EEZ, the Minister of Energy of the Republic of Cyprus noted that Ankara’s goal is to cause instability in the Eastern Mediterranean and discourage energy giants from investing in the region.

He also noted that Turkey could join the partnership of the seven Eastern Mediterranean countries for the EastMed Gas Forum and become part of the solution, rather than part of the problem. Lastly, Lakkotrypis stressed that the Cypriot government has invited Turkey several times in the recent pass to discuss the delimitation of sea zones, but did not receive an answer./ibna