Τhe government is looking forward to new discoveries of hydrocarbon reserves in its Exclusive Economic Zone (EEZ) during the second hydrocarbons licensing round, a senior government official has said.
Speaking at a press conference for the upcoming SAVENERGY 2012 Forum to take place 16 – 18 March, Ioannis Chrysis, of the Energy Department at the Ministry of Commerce, noted that the granting of licences to “technically advanced and financially dominant gas companies“ will place Cyprus on the “energy map” of Europe.
Last December’s announcements on the discovery of hydrocarbons in Cyprus’ Block 12 were extremely significant for the economic development of the country, he said. He stressed that securing the Republic’s energy supply and maintaining Cyprus’ strategic role in the region are among the top priorities for the Ministry.
He also referred to government plans for the construction of a gas terminal in the Vasiliko area, on the southern coast.