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[Cyprus Times] The Republic of Cyprus must seize the opportunity created by energy resources, says Kolokasidis

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The Republic of Cyprus must seize the opportunity created by energy resources, says George Kolokasidis "ENI has big interests in Turkey and Cavusoglu's statement may be valid."

The discovery of a new deposit in Saturn 1 of the Cypriot EEZ combined with the prospects of finding another deposit in Jupiter creates a window of opportunity[/B], which the Republic of Cyprus should exploit on a longer-term economic and political horizon, Presidential candidate George Kolokasidis said in a written statement.

Noting that instead of using our natural resources to change Turkey's stance, they ended up being used against us with demands made by Turkey with the acquiescence of third parties to co-exploit the deposits with the pseudo-state, he adds that it is now clear that the exploitation of our natural resources, without being forced to retreat on critical national issues, requires political will and strategic planning.

He also expresses the view that the government should speed up, as it is no coincidence that Cavusoglu's statement that ENI went ahead with the deposit after Turkey's consent, adding that ENI has big interests in Turkey and Cavusoglu's statement may be true, which means that Turkey may allow exploration and drilling because it believes it can hijack them.

According to Kolokasidis, with the global energy crisis, there is an opportunity to secure the support of the European Union and other actors for rapid exploitation of the deposits without damaging the national issue. Kolokasidis questions whether there is determination to do so.

Source: KYPE


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