Get the latest news from our company.

Cyprus & Turkey should collaborate for the mutual benefit of both, when it comes to Gas Explorations and Distribution

Posted on: 9/21/2016 12:50:08 AM under General News

Speaking before a joint sub-committee of Congress, the US Special Envoy for Energy Affairs at the State Department Amos Hochstein said that the development of energy reserves in the eastern Mediterranean has become a top foreign policy priority of the United States.

According to Hochstein for the part of the plan relating to energy security to be implemented there must first be an agreement in relation to the Cyprus problem because the pipeline to Turkey will be passing through the Cyprus EEZ. Energy plans in the eastern Mediterranean place Cyprus at the core of a project of gigantic investments that will change things in terms of security, development and regional welfare. In addition, Turkey is one of the pillars of the Wests political and energy security.

The success of Cyprus third licensing with Exxon Mobil expressing interest, the rekindling of Totals interest, the reconfirmation of ENIs interest and the participation of Qatar Petroleum, despite Qatar’s very close ties and military alliance with Turkey was certainly no accident.