Famagusta Gazette: Ukrainian crisis encourages investment in energy infrastructure in Cyprus

The risk of investing in energy infrastructure in Cyprus seems to have been reduced as the crisis in the Ukraine unfolds, with the EU looking towards solutions that may cost more, but which will ensure its energy security, an EU informal meeting in Athens has heard.

The prospects of the Cypriot natural gas and the role of Cyprus in the region seem to be important, after discussions at the Informal Council of EU Energy Ministers.

The Cypriot Minister of Energy Yiorgos Lakkotrypis referred to the exploration of gas fields in Cyprus` Exclusive Economic Zone (EEZ) and in the wider south-east Mediterranean to strengthen the energy security of the EU.

"The construction of onshore gas liquefaction plant in Cyprus and the emergence of Cyprus as an energy hub is at the top of our energy priorities," said the Minister.

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