President Nicos Anastasiades also underlined the significance of an American presence in Cyprus’ EEZ during a reception at the US embassy in Nicosia this week.
Texas-based Noble Energy in 2011 made the first discovery off Cyprus in the Aphrodite block estimated to contain around 4.5 trillion cubic feet of gas – it has yet to be monetised.
“We warmly welcome and express our deep appreciation for the presence and involvement of American companies – Noble and now through the energy giant Exxon-Mobil – in Cyprus’ exclusive economic zone for the exploration and exploitation of hydrocarbon reserves,” said Anastasiades.
“This not only marks a new era in our bilateral relations, but it is also a tangible sign of trust to the reliable, predictable and stabilising role we have assumed in our volatile neighbourhood and our efforts to substantially contribute to enhancing energy security for our country, our neighbourhood and the European Union,” he added.
Anastasiades said there was a joint vision to transform the Eastern Mediterranean into an energy hub that would contribute to the region’s stability, through the diversification of energy sources and routes. Moreover, Mitchell said the US would remain engaged in the Cyprus peace process to establish a bizonal, bicommunal federation.