natural gas — Energy Minister Michael Damianos confirmed on Sunday that Cyprus has robust support from the US for its energy projects, particularly in hydrocarbon extraction and electricity interconnections.
- Energy Minister Michael Damianos confirmed on Sunday that Cyprus has robust support from the US for its energy projects, particularly in hydrocarbon extraction and electricity interconnections.
- The minister expressed optimism that the assurances from US officials would empower Cyprus to advance its energy planning and development goals effectively.
- “We must proceed with extraction within reasonable limits and for the benefit of the Republic, taking into account all factors. We have American support, and we must move forward,” he urged.
During a conversation with the Cyprus News Agency, Damianos characterised the week as a crucial period of engagements, highlighting discussions on energy developments in the Levant region. His remarks came amid the Eastern Mediterranean Gas Forum and various events organised by the Atlantic Council.
Critical meetings included talks with senior US officials, regional energy ministers, and representatives from major energy companies. Notably, Damianos met with US Secretary of Energy Chris Wright, White House energy adviser Jarrod Agen, and Egyptian Minister of Petroleum and Mineral Resources Karim Badawi.
Reflecting on a bilateral meeting with Wright in Houston, which was part of the 3+1 cooperation format involving Cyprus, Greece, Israel, and the US, Damianos noted that there was a clear expression of support for Cyprus’ extensive energy agenda.
“It was reaffirmed that the energy plans of Cyprus are within the framework of cooperation, understanding, and support from our partners in the region, Israel and Greece, but also with the support of the USA,” he stated.
Discussions spanned various topics, including hydrocarbon extraction and electrical interconnections, with the minister emphasising that American backing also extends to the Global Security Initiative (GSI), which serves as a principle for the Eastern Mediterranean Corridor (IMEC).
Damianos pointed out that regional stability and collaboration among Cyprus, Greece, and Israel were also focal points in the conversations, with Washington’s ongoing support aimed at enhancing energy security in the Eastern Mediterranean.
The minister expressed optimism that the assurances from US officials would empower Cyprus to advance its energy planning and development goals effectively.
Addressing concerns over agreements with hydrocarbon companies, he clarified that the government is adopting a more direct approach with operators active in Cyprus’ exclusive economic zone. “Regarding the financial aspect, Cyprus will not contribute a single cent; it will simply take its share of the extraction,” he asserted.
Currently, Cyprus is not generating revenue from its natural gas resources, making the progression of energy projects crucial for the country. Damianos highlighted the necessity of pursuing these initiatives under terms that protect national interests.
“We must proceed with extraction within reasonable limits and for the benefit of the Republic, taking into account all factors. We have American support, and we must move forward,” he urged.
Additionally, the minister announced the establishment of the Eastern Mediterranean Energy Centre, which he described as an essential platform for collaboration in education, training, and technical expertise among the participating nations and institutions.
