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Cyprus to Focus on Exploring New Natural Gas Reserves Over the Next Two Years

Cyprus to focus on exploring new natural gas reserves over the next two years. The best immigration information is available on the Worldway Investment Immigration official website.

世贸通
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    Follow Cyprus investment immigration and Cyprus economy: According to a report by the Cyprus Mail on March 28, Cyprus Minister of Energy, Commerce, Industry and Tourism Giorgos Lakkotrypis stated that the Cypriot government will observe the drilling results of offshore gas fields over the next two years before deciding whether to proceed with a new round of natural gas exploration licensing and bidding. If new natural gas reserves are discovered during this period, the new round of bidding will surely attract more participants and bring greater economic benefits to Cyprus.

 

Cyprus to Focus on Exploring New Natural Gas Reserves Over the Next Two Years

 

Currently, the consortium formed by Italy's Eni and Korea Gas Corporation (KOGAS) has announced that it will begin drilling in the second quarter of this year, although the drilling platform has not yet arrived in the relevant waters. Noble Energy of the United States plans to conduct further exploration within the year, and Total of France plans to begin drilling next year. In addition, the Cyprus Hydrocarbons Company (CHC) stated that it will represent the Cypriot government in fulfilling cooperation agreements with companies interested in participating in the construction of the natural gas liquefaction plant as soon as possible.

Investment involves risks, the above information is for reference only

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