Cabinet on Tuesday gave the green line for the opening of the third hydrocarbon exploration licensing round inside Cyprus’ Exclusive Economic Zone (EEZ).
This is what government spokesman Nicos Christodoulides told journalists after a morning Cabinet meeting chaired by President Nicos Anastasiades.
“At the same time, the Energy Minister was authorized to table before Cabinet the soonest possible all necessary proposals towards the implementation of the decision,” the spokesman added.
Last week, Minister Giorgos Lakkotrypis said that a lot of energy companies have expressed interest in getting a license and he added:
“What I can tell you is that those who showed more interest are the ones who have the geological data of our area and they can better understand what the Zohr discovery means for them.”
Zohr is the name of the offshore field in Egypt where large natural gas reserves were discovered recently by Italy’s ENI.
SOURCE
