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Cyprus is shifting gear to end its energy isolation and it is uniquely positioned to contribute to the Eastern Mediterranean’s energy solutions, President Nikos Christodoulides said on Monday.
The president’s comments to key energy industry players in Nicosia were made as the government presents – and attempts to persuade – the sector with Cyprus’ planned gas pipeline from Israel.
Speaking just before the workshop, Energy Minister George Papanastasiou said he has “high hopes” for the meeting – a sentiment backed up by the president who said that interest from key players was high.
Christodoulides emphasised that the project, as part of the wider energy concerns facing Cyprus, is of the utmost priority for the government.
He explained it is centred on creating a pipeline from Israel to Cyprus to transport natural gas – meaning cheaper energy on the island – along with a facility which will liquefy the gas, therefore helping Israel export more of its product.
The Cyprus Gateway: Natural Gas to Power and Liquefaction workshop will last for two days, organised by the energy ministry, in collaboration with the Cyprus Hydrocarbons Company (CHC).
The Sunday Mail spoke with Papanastasiou who explained that major shifts are underway but insists the project is viable.
“There are several reasons behind our pipeline proposal. First, we give priority to the inland market. Cyprus comes first. Second, you don’t want to put all your eggs in one basket. It’s good to have an alternative option beyond Egypt. That doesn’t mean the Egypt option is being discarded, and Egypt definitely remains a useful partner. And third, with this proposal you attract Israel – a major geopolitical player,” he said.
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Views & opinions expressed are those of the author and/or Cyprus Mail
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