Energy companies have been assigned to research in Cyprus’ exclusive economic zone (EEZ) in regards to the third licensing round, the Cabinet announced after a meeting on Tuesday.
Specifically, the following companies has been assigned to the following blocks in the island’s EEZ:
- ENI-KOGAS: Blocks 2,3,9
- ENI: Block 8
- ENI-TOTAL: Blocks 6 and 11
- EXXON-MOBIL-Qatar Petroleum: Block 10
- Shell-Noble-Delek: Block 12
After the meeting, Energy Minister Yiorgos Lakkotrypis said that the latest developments have created a dynamic for a liquefaction centre, since Qatar Petroleum is one of the companies taking part in research in block 10.
Lakkotrypis added that the amount of hydrocarbons – which will be discovered – is set to judge the final outcomes of the exploration procedure. He noted that the government should ready for all eventualities, including a floating terminal, a pipeline with Egypt, and the EastMed pipeline.
The Energy Minister also noted that on March 17 confirmation is expected to be given by the Cabinet to sign the contracts with the companies.
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