Americans are ready to invest in a multi-million Liquefied Natural Gas plant in Cyprus with or without a political settlement to the divided island’s long-standing problem, the Cyprus Weekly reports, citing diplomatic sources.
“US officials have various scenarios in their minds for the region; they want to see strengthened relations between Israel, Egypt and other neighbouring countries. Israel of course is their main focus point,” one source told the paper.
“They see Cyprus as a stabilising factor in this turbulent region, especially now with all the strife going on. And with Turkey being in the corner…this is good timing for Cyprus,” added the source who the Cyprus Weekly quotes as saying that hydrocarbons in the region will play a peace catalyst role because ‘money talks’.
The paper notes that threats by Turkey to place companies involved in offshore exploration in Cyprus’ waters on a “black list” have not stopped more oil and gas giants –including ENI, Total and Halliburton – from signing contracts with Nicosia and setting up offices in Cyprus.
Published by: www.goldnews.com.cy
