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No Decision on Natural Gas - Comm. Min

natural gas debate cyprusThe government has not yet made a final decision on the supply and processing of natural gas on the island, said Minister of Commerce Antonis Paschalides following a meeting of the officials involved in negotiations.

The meeting was attended by energy director Solon Kassinis, director-general of the ministry of commerce Zeta Emilianidou, state gas company DEFA's negotiating team Costas Ioannou, Georgios Yiapanis and Stelios Stylianou and Electricity Authority president Harris Thrassou among others.

"I reiterate there is no final decision on the issue of natural gas. That decision will be taken only when the government has all the relevant facts," said Paschalides.

He said that the final decision will take into account developments in the region and Cyprus' own resources.

"Either the current process will be suspended or the process will include a cooperation and our own resources," said the minister.

Although the government has delegated the supply of natural gas to experts, Paschalides said the subject "is not so simple" and he has requested written reports from all groups involved.

"The decision will be such that it serves the public interest and nothing else," he said.

Commenting on the letter of intent received from Delek Energy Group, Paschalides said that Cyprus has not received any proposals from Israel as a state, but received a letter from Delek requesting a chance to present their suggestions to President Demetris Christofias.

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