ENI-KOGAS drilling to start “in a few days”
Offshore drilling operations by the ENIKOGAS joint venture in blocks 2, 3 and 9 of the Cyprus Exclusive Economic Zone (EEZ) will begin within the next few days, Energy and Trade Minister Yiorgos Lakkotrypis said on Monday, addressing a meeting of Larnaca Chamber of Commerce and Industry.
Lakkotrypis also said that the use of Larnaca port to provide facilities to these operations does not hamper the intended development of the town’s marina.
The government agreed last month to give the Larnaca marina’s Zenon joint venture until December to find investors to finance the project so that groundbreaking could begin within 2015.
As regards natural gas supply, Lakkotrypis said that efforts are being made to reduce the cost of the fuel used for electricity production, through the interim solution of natural gas supply to Cyprus.
Moreover, he added, “we are intensifying our efforts to promote renewable energy sources and energy saving, mainly by implementing projects and schemes for subsidies through EU funds earmarked for the 2014-2020 period.”
The minister said that the cabinet decision taken in July to move the petroleum and gas installations away from Larnaca is extremely important, as this has been a long-standing demand of the town’s municipality.
Referring to further development and modernisation of enterprises, Lakkotrypis said that the ministry has included a scheme for the promotion of e-commerce in the