Frankfurt Gas Forum session on commercial prospects and geopolitical risks of East Med gas:
"Exactly what will the Vasilikos LNG terminal mean for Cyprus? That question was answered by Nicos Kouyialis, Minister of Natural Resources and Environment, Cyprus, at the Frankfurt Gas Forum in a session dedicated to the commercial prospects and geopolitical risks of Eastern Mediterranean deep offshore gas.
“Of course we'd like to see Cyprus become an energy hub," he said. "We've taken an important decision, the only one so far, which is the construction of the LNG plant, and this will be the first step in our strategy of becoming an energy hub."
Mr. Kouyialis conceded that Cyprus' internal market was very small for the consumption of natural gas. “So we definitely have to look to the external markets – the European market and others in the rest of the world.”"
'via Blog this'
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