Posted on 06/26/2013 6:54:06 AM PDT by haffast
Cyprus and a US-Israeli partnership on Wednesday signed a statement of intent for the development of a natural gas liquefaction plant on the island. The parties are the Cyprus state, Noble Energy International, and Israels Delek Drilling and Avner Oil Exploration Limited Partnership. It is hoped the preliminary accord will lead to a final agreement in the future setting up a joint venture between the parties a special-purpose vehicle seeking investors for the estimated 7 to 8bn LNG plant.
The signing of the memorandum between the Republic of Cyprus and the three companies represents the next milestone on the road map for the exploitation of indigenous gas reserves in Cyprus Exclusive Economic Zone, Minister of Commerce and Industry Giorgos Lakkotrypis said addressing the official ceremony which took place at the Filoxenia conference centre, in Nicosia.
The LNG plant will be built at Vasilikos.
He also said that the LNG plant will constitute the fundamental and necessary infrastructure that will allow for the export of Cypriot natural gas to the European and global markets.
snip
US and Israeli Ambassadors in Nicosia John Koening and Michael Harari were also present at the event.
"Shipment of Cypriot gas by pipeline eventually could be possible, but in the shorter term Cyprus aims to start building an LNG terminal by early 2016 and start LNG exports from 2019."
http://www.cyprusgasnews.com/archives/2824
Military agreement (Cyprus/Russia)
22 June 2013
"Moscow and Nicosia have reached an agreement over the use of the Papandreou air base in Paphos, in a similar arrangement that was agreed with France and Germany."
"The agreement will become effective immediately and be formally ratified when Russian President Vladimir Putin and President Nicos Anastasiadis next meet. The exact date for their meeting has yet to be finalised."
http://www.cyprusgasnews.com/archives/2808
The new conservative president is making a wise move not only with their country resources - they’ll also have Russian/Israeli protection which they need at this point in time.
Any FR have a map that can be posted showing the Cyprus division and the location of its oil field.
Go here:
http://freerepublic.com/focus/f-news/3021613/posts
and search "peaceandsecurity" here:
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and search "gas" here:
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Look for any threads related to Cyprus,Israel,Turkey,energy, etc.
and
http://www.bing.com/images/search?q=cyprus+gas+fields&FORM=HDRSC2
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