Insider Business The East Med Gas Forum brings Cyprus closer to its goal, Energy...

The East Med Gas Forum brings Cyprus closer to its goal, Energy Minister says

Energy Minister Yiorgos Lakkotrypis has said that the decision to set up the “East Mediterranean Gas Forum” was of enormous importance for Cyprus and its citizens.

Cyprus, Greece, Egypt, Italy, Israel, Jordan and Palestine participate in the “East Mediterranean Gas Forum” which is based in Egypt and its objective is the optimal joint exploitation of hydrocarbon resources in the Eastern Mediterranean.

Lakkotrypis told CNA that the East Mediterranean Gas Forum was  of great importance given its participating countries.

This new international organisation “sends a message to many recipients and especially to the international community that the countries of the region come together to create a framework in which big hydrocarbon companies could operate and to attract multi-billion investments that are necessary for this industry to work in the region,” he said.

The Energy Minister stressed that this agreement brings Cyprus closer to its goal, which is the optimal and safe exploitation of its hydrocarbon resources.

According to Lakkotrypis the first important meeting among the Ministers of the participating countries, held Monday in Cairo, was concluded at the presence of EU and World Bank representatives.

“It’s a platform for dialogue, possibly for planning the infrastructure needed in the region to render the Eastern Mediterranean more competitive in the global energy sector,” he noted.

The decision to set up the forum, said Lakkotrypis, was of great importance for Cyprus due to the leading role it has assumed in the bilateral, trilateral, quadrilateral and multilateral schemes, in order to make this cooperation more feasible.

“This agreement brings us even closer to our goal, which is the optimal and safe exploitation of our country’s hydrocarbon resources. For this reason, alliances in our region are necessary for us to be able to continue exercising our sovereign rights unobstructed,” the Minister pointed out.

He finally said that the Ministers would meet again in the next three or four months. In the meantime, each country, he explained, will examine a draft charter prepared by Egypt, to govern the work of the organisation.

(Cyprus News Agency)

Top Stories

122 new cases, one death announced on Friday

The Health Ministry announced the death of one person due to COVID-19. This raises the death toll from the virus in Cyprus to 179,...

Where to get antigen rapid tests on Saturday

The Health Ministry announced the following antigen rapid test sites for Saturday, 23 January 2021: LIMASSOL Grigoris Afxentiou Square 08:30-16:30 Gafkos Clerides Park, Germasoyia 08:30-16:30 Municipal Hall Ypsonas...

Civil servants’ trade union requests psychological support for health professionals

PASYDY, the civil servants’ trade union requested psychological support for health professionals due to the consequences of COVID-19 on their health. The trade union noted...

Scientific advisory committee to convene on Monday under President Anastasiades

Cyprus President, Nicos Anastasiades, will preside on Monday morning over a meeting of the scientific advisory committee on COVID-19. According to CNA information, during the...

Polish medics depart for Slovakia to help mass testing

A group of 200 Polish medics departed for neighbouring Slovakia on Friday (January 22) to help in a week-long testing campaign in the central...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...