Cyprus could supply gas to Bulgaria & other European nations: minister
June 17, 2014, 12:00 am TWN
NICOSIA, Cyprus--Bulgaria's foreign minister says Cyprus could supply his country and other central European nations with natural gas to lessen the region's heavy dependence on Russian deliveries.
Kristian Vigenin said after talks with his Cypriot counterpart Ioannis Kasoulides on Monday that Cyprus could play “an important role” in an envisioned “north-south corridor” supplying gas to central Europe via Greece.
Vigenin said Bulgaria can't fully replace Russian gas, but the option exists for Cyprus to become a future supplier over the medium term. He said much work is needed to flesh out the idea.
Cyprus has discovered one field off its southern coast estimated to hold 3.6 trillion to 6 trillion cubic feet of gas and is speeding up a search for additional deposits.