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Yiorgos Lakkotrypis

Cyprus and Egypt said to be close to inking gas deal

Cyprus and Egypt are reportedly poised – perhaps even this week – to conclude an interstate gas export-import agreement. Energy minister Yiorgos Lakkotrypis will be signing the deal with his Egyptian counterpart Tarek El-Molla.

Cyprus: 4-5 drillings in the next 12 months

Cyprus will have a clear picture of its subsea natural resources by the end of next year during which four or five drills are expected according to Energy Minister Yiorgos Lakkotrypis.

Contracts with energy companies to be signed on April 5 and 6

Cyprus is set to sign on April 5 and 6 contracts with the selected bidders of the third licensing round for explorations in blocks 6, 8 and 10 of its Exclusive Economic Zone, Energy Minister Yiorgos Lakkotrypis announced on Friday.