Discussions between the Cyprus National Hydrocarbons Company (CNHC) and the Leviathan partners Noble and Energy and Avner have reached a very good point, CNHC said on Tuesday.
Natural gas discoveries so far in the Cyprus’ Exclusive Economic Zone, which amount to 5 trillion cubic feet from block 12, cannot render a natural gas liquefaction plant sustainable, a press conference has heard, and consequently Nicosia has embarked on talks with Noble-Avner over the possibility of transferring Leviathan gas to Cyprus, which would sustain the operation of an LNG plant.
“We went a long way in the past three meetings we have had,” CNHC Board member Lenas Milonas told the press conference today, adding that negotiations on a possible agreement are close to conclusion.
Published by: www.cna.org.cy
