Famagusta Gazette: Cyprus before historic decisions for its future
Cyprus will have to take momentous decisions and take bold steps forward, which will potentially mark its course in history and reshape its strategic importance, Minister of Foreign Affairs Erato Kozakou Markoullis said in a speech titled “Cyprus in the Eastern Mediterranean: Strategic Location, Strategic opportunities” at the Director’s Forum of Woodrow Wilson Center.
Markoullis pointed out that developments in Cyprus will have an effect on its neighbourhood, since Cyprus is now in an unusual position of having greater say in its future, and being in a position to effect change.
Referring to the start of drilling operations by a Republic of Cyprus licensed US company, Noble Energy, within the country’s Exclusive Economic Zone, in search of natural gas deposits, she said that initial findings have already shown positive results ranging between 3-9 Tcf of natural gas and official estimates are expected by the end of the year.