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Wednesday, 11 May 2016

Time for Cyprus to consider “plan B” as prospects of Egyptian deal fade, energy expert says

It is time for Cyprus to start looking into alternative plan to market its gas as Egypt is on track to become self sufficient, energy analyst Charles Ellinas suggests. “Our own officials insist that plans to export to Egypt are on track. But we’ve been talking to the Egyptians since 2014, is it conceivable that we still haven’t reached [an agreement]?… It’s time for a Plan B. We ought to consider other options, such as selling CNG (compressed natural gas) to south-eastern Europe.” (Read)

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