The chief executive of energy company Eni said Tuesday that Cyprus-Israeli plans for a pipeline to move offshore natural gas from the two countries to Cyprus is “part of our discussion” with the Cypriot government. The gas would be processed for electricity generation and possible exportation.
Eni CEO Claudio Descalzi said after talks with Cyprus President Nikos Christodoulides that any plan to develop gas deposits discovered off Cyprus’ southern coast “must have economic value.”
Descalzi said talks focused primarily on Eni’s plans to drill by the end of the year an additional well in Block 6 — one of seven areas inside Cyprus’ exclusive economic zone where the Italian company along with partner Total of France hold licenses for hydrocarbon exploration.
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