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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.


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