Cyprus Interested in Russian Companies Developing Island's Gas Fields

© Sputnik / Boris BabanovView of the Limassol city in the Cyprus
View of the Limassol city in the Cyprus - Sputnik International
Subscribe
Cyprus is interested in the participation of Russian companies in the development and exploitation of the country's hydrocarbon reserves, Cyprus' Ambassador to Russia George Kasoulides said Tuesday.

An aerial view taken on July 30, 2015 shows the Tamar Israeli gas-drill platform in the Mediterranean Sea off the coast of Israel - Sputnik International
US-Initiated Leviathan Gas Deal to Make Israel Major Energy Power in Middle East
MOSCOW (Sputnik) — According to Kasoulides, Cyprus is already preparing for the commercial exploitation of its natural gas reserves, with plans for the export of gas to begin in 2020-2022, if not sooner. He added that there were signs of potentially more hydrocarbon deposits in Cyprus in addition to those already known.

"We have a burning desire to see Russia participate in the development of the fields. We hope that Russian companies will participate in the exploitation of hydrocarbon deposits, which are located in Cyprus' exclusive economic zone. It would be useful for maintaining balance in the region," Kasoulides told reporters.

In August, Cyprus signed an undersea gas pipeline agreement with Egypt, and is currently negotiating export deals with Israel, Jordan and Lebanon.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала