CyprusProfile.com asked Yiorgos Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism, which key areas of opportunity or growth he sees in the energy sector, and what his expectations are for Cyprus in 2017.
“Cyprus is forging ahead with its strategy to exploit its natural gas reserves domestically and to export Aphrodite gas regionally. We expect to make progress with our commercial agreements and to see more exploration and discoveries in our EEZ in 2017. Cyprus could also become a significant fuel hub, with the widening of the Suez Canal increasing traffic in our region. Our excellent relationships with neighbours establish solid foundations for further energy cooperation in the EU and Eastern Mediterranean”.