MPs stress Cyprus potential role as energy hub during works of Asian Parliamentary Assembly

Cyprus could take a leading role and become a major energy center for the wider region of Eastern Mediterranean, said Cypriot MP Nikos Tornaritis (DISY), before the Standing Committee on Economics and Sustainable Development of the Asian Parliamentary Assembly (APA), in Manama, Bahrain.

On his part, MP Christakis Giovanis (AKEL) referred to the vital importance of strengthening regional cooperation, in order to implement the UN Sustainable Development Goals.

According to a PIO announcement, during the debate on energy prospects and the integration of the Asian energy market, Tornaritis as head of the Cypriot delegation, stressed that Cyprus could take a leading role and become a major energy in the wider region of the Eastern Mediterranean.

As he said, recent developments in the region, including the discovery of the Zohr field in Egypt, have renewed the interest of major oil companies, leading to the recent signing of agreements with the Republic of Cyprus for exploratory drilling on the southern coast of the island.

He added that in the light of these developments and due to its geostrategic position at the crossroads of Europe, Asia and Africa, Cyprus could become an important inter-regional energy and trade hub connecting the markets of Europe and Asia and thus the country attaches great importance on strengthening ties and co-operation with its Asian partners.

During the discussion of a resolution on the role of parliaments in the implementation of the UN Sustainable Development Goals, Giovanis, also referred to the crusial importance of enhancing regional cooperation. The Cypriot MP stressed that policies that promote social stability and prosperity in Asia should be a priority and that coordination with other regional organizations and bodies is needed.

On the sidelines of the meeting, Tornaritis and Giovanis had the opportunity to hold contacts with the Presidents of Upper and Lower House of Bahrain Ali Bin Saleh Al-Saleh and Ahmed Bin Ebrahim Almulla respectively and with officials from the APA.

Source: Cyprus News Agency