Friday, July 11, 2014





Cyprus to build gas plant with or without Israel


April 03. 2013 3:37PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Cyprus' foreign minister says the nation's offshore natural gas deposits are enough to warrant the construction of a gas processing plant to export excess supply, regardless of whether Israel decides to be a partner in the project.


Ioannis Kasoulides told The Associated Press on Wednesday that the oil and gas companies which are licensed to search for mineral deposits off the island nation's southern coast will spearhead the infrastructure construction. One field is estimated to hold 5-8 trillion cubic feet (140-230 billion cubic meters) of gas.


Kasoulides said potential gas revenue expected by 2019-20 will be shared with breakaway Turkish Cypriots after an agreement to reunify the ethnically split country is reached.


Debt-ridden Cyprus hopes its future gas wealth will help pull it out of its economic crisis.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds