China invites Egypt to join African duty-free export scheme    Oil prices edge higher on Wednesday    Maersk to resume Suez Canal transits in early December after strategic deal    Gold prices climb on Wednesday    MSMEDA discusses extending technical cooperation with JICA    GAFI hosts first Egyptian-Algerian Technical Committee meeting    Egypt, Italy sign agreements to establish 89 applied technology schools    Egypt, Algeria agree to deepen strategic ties, coordinate on Gaza ceasefire, regional crises    FM pushes for deeper US investment and outlines Egypt's Gaza and Nile red lines in AmCham address    Gaza struggles under fragile truce as Egypt plans reconstruction conference    Egypt calls for deeper health, pharmaceutical partnership with Türkiye    Ahl Masr Hospital Launches Region's First Burn Care Conference    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt, Qatar discuss expanding health cooperation, Gaza support    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Giant gas find off Egypt could help settlement of Cyprus problem – President
Published in Amwal Al Ghad on 01 - 09 - 2015

The recent 30 trillion cubic feet gas discovery off the coast of Egypt may offer Turkey an additional incentive to facilitate the settlement of the division Cyprus problem, said Cypriot President Nicos Anastasiades.
"If we assume that Turkey pursues for her own needs or any other political reasons to restore her relations to Israel and Egypt in order to get the supplies she needs, she will have to settle the Cyprus problem," Anastasiades told reporters Monday, according to a statement emailed by the press and information office. "Large findings in the Mediterranean are and will continue to be of interest for the European Union as an alternative source of energy. Without Cyprus, no gas can be shipped to either Europe or Turkey.
Anastasiades added that a pipeline "whether they like it or not" will have to run across the Cypriot exclusive economic zone, which "upgrades the role of the Republic of Cyprus" and increases the need to settle the Cyprus problem "if they want to have the expected results".
He added that since the discovery announced on Sunday by Italy's energy company ENI lies close 6 kilometres from in Cyprus's exclusive economic waters, neighbouring block 10, block 11 and block 12, "nobody could claim that areas containing such a large reserve are not stretching into the nearby" blocks.
Anastasiades also added that he did not see how the discovery could affect negotiations between Cyprus and Egypt on the transport of natural gas to the Arab country via an undersea pipeline.
Source: The Cyprus Business Mail


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