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Next Previous Pilidou: Possibly positive developments for Cypriot deposits • Peilidou: Possible positive developments for Cypriot deposits …
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Recent developments may positively affect the development program of the Cyprus deposits and some talks have already taken place with the Egyptian Minister of Oil, while in April she will meet with her Israeli counterpart, said the Minister of Energy, Trade and Industry , Natasa Pileidou.
Asked to comment on the US Secretary of State's position on the importance of the Eastern Mediterranean region in the energy and new role of Cyprus and whether it will change the plans to accelerate the exploitation of the resources being discovered, Ms. Pileidou said that the Egyptian Minister of Petroleum has already with the EU and neighboring countries, such as Israel, because “it is very important to identify the necessary synergies for the Eastern Mediterranean to play this role, one of the sources of energy EU, but also internationally “.
The companies operating in Cyprus, he continued, are already taking into account these data and are trying to find ways of cooperation so that the necessary investments are made in the best possible and economical way to benefit in the best possible way both the Republic of Cyprus and the companies. “We expect and hope that the drilling activity will continue in 2022, but also the analysis of the data in order to speed up the processes”, he noted.
Asked if she has any information from the consortium on the Glafkos plot, the Minister of Energy referred to the importance of calculating the quantities accurately, to study the data and the connections that exist between the deposits that have been found. It takes a little more patience, he added, saying that around mid-May they may have the first information about the quantities in the Glafkos piece.
Asked if she believes that the geostrategic value of East Med should be highlighted now, Ms. Peleidou said that geopolitically EastMed has great value, there are other projects under study that have value for the promotion of the Eastern Mediterranean as a regional – at least & nbsp; – a gas supply center but also from RES through an interface, such as EuroAsia which is “equally important and has secured funding”.
All these tools and perspectives, he said, are highlighted in discussions with the EU, which has recognized the importance of natural gas as a transitional fuel, to a much greater extent now than before.
For East Med, he added, the quantities available play a very important role. He will also discuss the issue with the Israeli Minister of Energy when he visits the country on April 11, when he may have information on how Israel intends to proceed.
He also said that in the talks in Israel he will be present representatives of the companies operating in the Aphrodite and Isaiah sections.