Gas reports confirmed
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NICOSIA - Minister of Commerce, Industry and Tourism Antonis Paschalides has confirmed press reports from Israel that there were huge deposits of natural gas in a plot next to Cyprus' exclusive economic zone.
In statements on Monday, Paschalides said ''it is indeed believed that there is a huge amount in the Israeli plot but we cannot confirm or dismiss the amounts, because they have been revised a couple of times.''
Replying to questions, Paschalides said common exploitation would not be discussed, adding that the signing of agreements on the exclusive economic zone was pending. ''We want these agreements to be made with Israel and other neighbouring countries, as was our aim from the beginning,'' so that each country could make its plans.
To other questions concerning Turkish efforts to obstruct the process of determining the exclusive economic zone, Paschalides said Turkish officials have been making statements for years. ''We know our sovereign rights. We do not provoke anyone. We do not change our plans and we proceed,'' he concluded.