POLITICAL ANALYSIS AND OUTLOOK. The latest gas find brings closer the moment of reckoning among political players in Cyprus and…
This week the leader of the Democratic Party (Diko), Nicholas Papadopoulos, said on Twitter that the import of mazut instead…
Last week, Turkey’s Ministry of Foreign Affairs issued another statement about offshore hydrocarbons exploration in the Cyprus Exclusive Economic Zone…
Efforts to solve the Cyprus problem are dying fast. In an interview with Kibris on Monday, the UN Special Advisor,…
This week the finance minister, Harris Georgiades, told parliament that government income from natural gas could reach €500-€600 million per…
While everyone is getting excited about the big-name bidders in the third Cyprus offshore gas licensing round, it is worth remembering the excitement that first greeted the discovery by Noble Energy in late 2011 of the Aphrodite field in offshore Block 12.
Clouds have been gathering since April over the prospects of a solution of the Cyprus problem. There was the collapse of the Turkish Cypriot coalition and the subsequent shift in a hardline direction in April; another hardline shift in the Republic of Cyprus (RoC) parliamentary elections in May, as well as the removal of Turkish prime minister Ahmet Davutoglu, with unknown consequences for the future.
A few years ago, I was frequently asked if I thought natural gas discoveries in the Eastern Mediterranean could be a catalyst for a solution of the Cyprus problem. At the time I was sceptical. However, a number of developments have taken place since that have led me to alter my opinion.
Back in February this year I asked if the gas window had closed for Cyprus, following a number of developments…
Officials are putting a brave face on the announcement by Italy’s ENI on Sunday that it had found an estimated…