US sees Cyprus as part of EU en­ergy se­cu­rity strat­egy

Financial Mirror (Cyprus) - - FRONT PAGE -

The dis­puted bor­der also touches two other not-yetli­censed Le­banese blocks. This has led to years of brinkman­ship with of­fi­cials on both sides promis­ing to pro­tect their re­sources and warn­ing about en­croach­ment.

“There are some new ideas on the ta­ble. More than that I can­not dis­cuss,” En­ergy Min­is­ter Yu­val Steinitz, said in a Reuters in­ter­view.

David Sat­ter­field, the act­ing U.S. state for Near Eastern Af­fairs, has coun­tries re­cently as a me­di­a­tor.

“There is room for cau­tious op­ti­mism. But not be­yond cau­tious,” Steinitz said.

“I hope that in the com­ing months, or by the end of the year, we will man­age to reach a so­lu­tion or at least a par­tial so­lu­tion to the dis­pute.”

Even a par­tial agree­ment would be a ma­jor diplo­matic coup, as well as timely, since both Le­banon and Is­rael are plan­ning new rounds of ten­ders for off­shore ex­plo­ration.

Is­rael has warned en­ergy com­pa­nies in Le­banon not to drill close to its bor­der, and the con­sor­tium set to ex­plore Block 9 - made up of To­tal, ENI and Rus­sia’s No­vatek - has said it would stay away from the dis­puted area. as­sis­tant sec­re­tary of shut­tled be­tween the

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