Cyprus Mail: Russian Interest in Cyprus Gas Deals a Bit Far-Fetched

Periodic reports about Russian companies’ interest in Cypriot offshore hydrocarbon plays should be taken with a grain of salt, the Cyprus Mail is told.

The latest iteration came out this week when energy minister Giorgos Lakkotrypis, speaking to the state broadcaster after meeting his Russian counterpart Aleksander Novak, said the two nations held “exploratory” talks on possible cooperation in developing energy finds in Cyprus’ exclusive economic zone and the eastern Mediterranean.

Daily Politis meanwhile reported that on the sidelines of the Moscow talks, Lakkotrypis and Novak discussed the prospect of engaging Russia’s Novatek in the exploitation of the Aphrodite prospect through the sale of a stake held by Houston-based Noble Energy.

Read the full article HERE.