ExxonMobil hopes Cyprus will become an energy hub

Exxonmobil’s vision for Cyprus is to see the country becoming a regional energy hub and the company hopes to find sufficient deposits of natural gas to see Cyprus becoming an energy export nation, said President of ExxonMobil Exploration Company Stephen Greenlee, speaking at a reception hosted on Thursday evening by the Embassy of Cyprus in Washington and by ExxonMobil at the ambassador’s residence in honour of visiting President Nicos Anastasiades.

Addressing the reception, Cyprus Energy Minister Georgios Lakkotrypis said we are at the end of an amazing week in Washington, noting that he is satisfied with the relations Cyprus maintains.

Lakkotrypis expressed hope that large quantities of natural gas are found in Cyprus’ exclusive economic zone (EEZ) to realize Cyprus’ hopes for the benefit of both the country and the region in general.

Exxonmobil president said the company has been active since signing the contracts with Cyprus in April and has begun exploration. Things seem to be going well, he said, adding that he is pleased to be in Cyprus for 60 years now, and noting that this has helped the company to proceed with this new phase.

Greenlee further said that success will lead to great things, adding that together with partner Qatar Petroleum, which has great experience in LNG, challenges can be overcome.

Source: Cyprus News Agency