Cyprus News Agency

Trending-news
     CNA   European Commission`s report on Turkey most critical since 2005, FM says     CNA   SSM seems to favour the merger of Coops with another commercial bank, FinMin says

Archive Photo

A big find by ExxonMobil in Cyprus would “change the equation” for the region, expert says
CNA - Evie Mitsidou Phillips - Cyprus/NICOSIA 21/03/2018 19:40


A big find by ExxonMobil in block 10 of Cyprus’ Exclusive Economic Zone would “change the equation for the region in a big way” former chairman of the Cyprus National Hydrocarbons Company and natural gas expert Charles Ellinas has said.

Ellinas, who was addressing the afternoon session of the Eastern Mediterranean Gas conference which takes place today and tomorrow, in Nicosia, focused mainly on Egypt’s prospects in becoming an energy hub in the region.

He spoke of the introduction of new legislation recently which opens up the energy market to private companies he expressed the view that if Egypt manages to become an energy hub, it would be a positive development for the region as a whole.

(CNA)

*The full text of the news item is available in the paid version of the CNA web service. Subscription Form

*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
   

Closing:19/4/2018
Volume:256.247,73
CSE:68,680  0,760%
FTSE/CySE:41,160  0,830%
Nicosia30°C
Larnaca29°C