Venerdì, 29 marzo 2024 - ore 08.52

Cyprus to start a 8 trillion gas field exploitation

| Scritto da Redazione
Cyprus to start a 8 trillion gas field exploitation

 

Cyprus to start a 8 trillion gas fields exploitation

 

Nicosia Government gave concessions to several world companies - the Italian concern ENI, the Russian company Novatek, the French company Total, and the korean Kogas - to exploit a 8 trillion gas field in southern-eastern Mediterranean sea. The role Cyprus, Israel and Turkey can play together to ensure the EU a gas supplies diversification.

 

Cyprus controls not only the EU temporary presidency, but also a 8 trillion gas fields which could contribute to the European Commission's gas supplies diversification policy.

 

On Tuesday, 10/30, Cyprus government gave concessions to the Russian company Novatek, the Italian concern ENI, the French company Total, and the Korean company Kogas, in order to exploit southern-eastern Mediterranean gas fields in Cyprus national waters.

 

According to Natural Gas Europe info portal, Cyprus Ministry of Energy Neoclis Sylikiotis declared the operation is useful to solve Nicosia's economic crisis and foster Cyprus's economic situation inside the EU during the European Union Presidency period.

 

Anyway, the Mediterranean gas fields's exploitation could also strengthen Nicosia position in the European Commission energetic policy's domain.

 

Following the discover of Tamar and Leviathan gas fields by US Noble Energy company in Israeli national waters, not far from the Cyprus Mediterranean gas fields, Israel started consultations with Cyprus and Greece, in order to deliver Mediterranean gas directly to Europe.

 

If the Cyprus' 8 trillion gas field in the Mediterranean sea will also been exploited, Nicosia is going to play a crucial role for European Energetic Security, allowing Bruxelles to decrease Russian gas supplies' quasi monopoly.

 

Moreover, the energetic situation Cyprus is facing on could also allow Nicosia to solve historical controversies with Turkey.

 

According to Former US diplomat Matthew Bryza, Cyprus and Turkey should end the contrast about northern Cyprus' possession - which since 1974 is owned by Turkey - in order to establish a cooperation in the gas direct transport to Europe's domain.

 

As The Cyprus Voice reported, Bryza underlined the importance Turkey has in European gas supplies infrastructures, because all the pipelines planed to carry non-Russian gas to Europe will transit by the Anatolian Peninsula.

 

Matteo Cazzulani

 

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