Insights | 28 August 2020

George Papanastasiou , General Manager and Managing Director, VTTV

The discovery and exploitation of Cyprus’ natural gas offshore resources will be key in unlocking cleaner energy for Europe, the region and beyond.

CyprusProfile.com asked George Papanastasiou, General Manager and Managing Director of VTTV to describe the current situation with Cyprus’ energy sector and what his expectations are for 2021.

Recovering from the impact of the Covid-19 pandemic our expectations are for the intensification of our exploration and exploitation activities in the coming period. The discovery and exploitation of Cyprus’ natural gas offshore resources will be key in unlocking cleaner energy for Europe, the region and beyond. With the upcoming Cypriot offshore activities and regional projects, Cyprus will continue its growth as a safe and reliable hub for hydrocarbon activities.

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