Government spokesman says strong interest in third oil gas round

first_imgDeputy government spokesman Victor Papadopoulos said that there is strong interest from energy companies for Cyprus’s third oil and gas licencing round.“There is great and strong interest from very large companies,” Papadopoulos told reporters in Nicosia on Friday, hours before the deadline for companies to submit their bids expired.Papadopoulos added that authorities will announce the number of the bidding companies on Friday. “After the council of ministers is briefed next week, the names of the companies which expressed interest will also be announced,” he added.The government announced the third oil and gas round in March. The round includes blocks 6, 8 and 10 in Cyprus’s exclusive economic zone. The discovery of up to 30 trillion cubic feet of natural gas off the coast of Egypt by Italy’s ENI invigorated the energy companies’ interest in the Easter Mediterranean even as low energy prices continue to suppress investment in new projects.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoModernizeIf Your Home Has Old Roofing, Read ThisModernizeUndo Pensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’UndoThree arrested in connection with hotel theftsUndoby Taboolaby Taboolalast_img

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