At the beginning of the year the government will decided on the interim solution for natural gas, Energy Minister Yiorgos Lakkotrypis said in an interview with the newspaper “Alitheia”.
On the basis of the facts, he said, there will be an agreement with the company VITOL, who will be using the natural gas from the “Aphrodite” field by 2020. Lakkotrypis added that the interim solution had always been a difficult situation, because of the small amount that the Cypriot market would need.
He added that the attempt to reach a solution in one way or another will be reached by the beginning of 2016.
Lakkotrypis said that large companies are interested in acquiring Cyprus’ seismological data. He said that the Cabinet will submit on Sunday a proposal to extend the research period of blocks 2, 3, and 9 for another two years, as Italian Gas Company ENI had asked.
On the French company TOTAL, Lakkotrypis said that there are goals to develop block 11.
Lakkotrypis finished by saying that there is intense interest by companies for the new round of licensing, and that there is also interest from existing companies that already have seismological data.
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