One cannot fault the energy minister for lack of ideas, other than his fixation on natural gas. He made that his priority immediately on taking over the ministry, as the means to reduce energy prices -which of course must be the top priority, by any which-way possible.
But this is turning into an energy odyssey. A question that must be asked is: are the new energy plans feasible?
New energy plans
First, a meeting was called in Nicosia in May to prioritise development of Cyprus’ gasfields and bring the gas to the island for power generation. But the international oil companies (IOCs) operating in Cyprus EEZ did not show interest. A few days later, NewMed submitted a development plan on behalf of the Aphrodite consortium based on sending the gas to Egypt by subsea pipeline -pending the result of the appraisal drilling currently in progress.
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