Greek Cyprus OKs plans for US-Israeli LNG plant, while Turkey is saying it “won’t let the Cypriot issue continue in this way.” (HD).
The Greek Cypriot cabinet approved plans to sign for a deal with a US-Israeli partnership to build a liquefied natural gas plant on the island to exploit untapped energy riches, ignoring Turkey’s objections to its oil and gas explorations that cites the recources should be divided between two sides of the separated island.“The cabinet has approved the decision to sign the memorandum of understanding between Cyprus and companies Noble Energy International (US), Delek Drilling and Avner Oil Exploration Limited Partnership for liquefaction terminal for natural gas,” said government spokesman Victor Papadopoulos on June 19.
Earlier this month, Noble started confirmation drilling off the southern coast to ascertain whether there is enough untapped gas to make the venture commercially viable.
However, Turkey has been slamming the Greek Cypriot government claiming it violates rights of the Turkish residents of the island.
As the latest expression of the concerens over the issue the Turkish Foreign ministry said in a statement that Ankara “won’t let the Cypriot issue continue in this way.”
It also restated that Turkey is ready for negotiations that can be held over the possibility of starting a two-state solution for the island.
Turkish energy authorities have been saying the best way for carrying any Mediterranean source – Cypriot or Israeli gas and oil –, Turkey will be the best route and any scheme in which Turkey is excluded won’t be reasonable.
The eastern Mediterranean has been a hive of exploratory activity, with the Greek Cypriot government granting permits to international prospectors after Israel discovered massive offshore gas deposits in 2010.Hmmm......Erdogan in orbit in 3.....2....1.Read the full story here.
Related: Obama's BFF Erdogan sends ‘stern warning’ to Cyprus over gas reserves, how long before he go's after Israel's Gas deposits?
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