15/4/14

Remarks by the Minister of Energy

We are within the timetables that we have set with regard to our plans for the exploitation of the hydrocarbon reserves, said today the Minister of Energy, Commerce, Industry and Tourism Mr. Giorghos Lakkotrypis.


In his remarks to reporters, on the sidelines of the official visit of the President of the Republic Mr. Nikos Anastasiades to Abu Dhabi, the Minister of Energy, when asked to comment on a press agency report which mentions that Israel is changing plans with regard to its hydrocarbon reserves, he said that “to begin with, the choices of the partnership that is operating in Israel’s Exclusive Economic Zone have always been known.”

Asked whether there has been any delay in the implementation of our plans, Mr. Lakkotrypis said that “we are within the timetables that we have set.”

In response to another question, Mr. Lakkotrypis said that the Government is working for the conclusion of the agreement of a project for the land-based terminal and for the commencement of the exploratory drillings which will last 12 to 18 months.”

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