02.03.2017 - 20:35 [ Cyprus Mail ]

LNG plant at Vassilikos still an option, president says

Noting that French energy giant Total plans to conduct exploratory drilling in block 11 of Cyprus’ exclusive economic zone within the year, while the ENI/Kogas consortium plans to continue its exploratory programme, Anastasiades said that “it is becoming increasingly evident that the Cypriot hydrocarbons sector in the last two years has gained fresh momentum”…Negotiations over exploration and allocation contract terms with the ENI/Total consortium in block 6, ENI in block 8, and the ExxonMobil/Qatar Petroleum consortium in block 10, are in their final stages, he added.