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FACTDROP: Cyprus president to visit offshore gas rig
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11/20/2011

Cyprus president to visit offshore gas rig


Πηγή: buffalonews
By AP
20 Nov 2011

NICOSIA, Cyprus (AP) - Authorities say the Cyprus president will pay an official visit to a rig which is carrying out exploratory drilling for gas deposits off the island's coast.

A government statement released Sunday said President Dimitris Christofias will travel Monday to US firm Noble Energy's rig, where he will be joined by four other senior government officials.

Noble estimated last week that the field may yield between 3 to 9 trillion cubic feet of natural gas.

Commerce Minister Praxoulla Antoniadou said in an interview with Kathimerini newspaper Sunday that just one trillion cubic feet of gas could meet the island's energy needs for 20 years.

Israeli energy firm Delek has proposed a gas processing and export partnership with Cyprus.


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