Friday, June 9, 2017

ExxonMobil wants to see Cyprus a regional hub - CYPRUS MAIL / CNA

June 9, 2017

ExxonMobil’s vision for Cyprus is to see the country becoming a regional energy hub and the company hopes to find sufficient deposits of natural gas to see the island turn into an energy export nation, President of ExxonMobil Exploration Company Stephen Greenlee said on Thursday.

The ExxonMobil president said the company had been active since signing the contracts with Cyprus in April and has begun exploration.

Things seem to be going well, he said, adding that success will lead to great things.

Together with partner Qatar Petroleum, which has great experience in LNG, challenges can be overcome, he said.

He was speaking at a reception hosted by the Embassy of Cyprus in Washington and by ExxonMobil at the ambassador’s residence in honour of visiting President Nicos Anastasiades.

Addressing the reception, Cypriot Energy Minister Georgios Lakkotrypis said “we are at the end of an amazing week in Washington”, noting that he is satisfied with the relations Cyprus maintains.

Lakkotrypis expressed hope that large quantities of natural gas are found in Cyprus’ exclusive economic zone (EEZ) to realise Cyprus’ hopes for the benefit of both the country and the region in general.