Cyprus-Forum.com

[Hermes]

A senior US official has dismissed arguments by Ankara that the Greek Cypriot administration's plans to explore the Cypriot coast for oil and natural gas will be harmful to ongoing reunification talks between the Greek and Turkish Cypriot leaders.

If anything it should encourage Turkish Cypriots to think about the economic benefits of unification. But that would depend upon them having an ounce of sense and the balls to stand up to their Turkish overlords.

Who would've guessed that everything would fall into place so nicely? First, the arrogant fool Erdogan alienates Israel and the West pushing Israel into an alliance with Greece and Cyprus just at the moment when enormous deposits of oil and natural gas are confirmed off the coast of Cyprus and Israel. You couldn't make up such a beautiful scenario. All Turkey can do is stand bellowing helplessly on the sidelines.

[Viewpoint]

Again you are under estimating Turkey, she will make the necessary moves after the elections, dont i didnt tell you so.

[Kikapu]

Again you are under estimating Turkey, she will make the necessary moves after the elections, dont i didnt tell you so.

What are you saying, that Turkey will solve the Cyprus problem and be ready to be a EU member after the elections.?

The agreements with the RoC and Israel on the oil/gas are already a done deal. Turkey will come way too late after the party is over on that one.!

[Viewpoint]

Again you are under estimating Turkey, she will make the necessary moves after the elections, dont i didnt tell you so.

What are you saying, that Turkey will solve the Cyprus problem and be ready to be a EU member after the elections.?

The agreements with the RoC and Israel on the oil/gas are already a done deal. Turkey will come way too late after the party is over on that one.!

Extraction of natural resources do not happen overnight Turkey has plenty of time to throw a spanner in the GC works, watch and learn.

As for the Cyprus issue that will never be solved.

[Oracle]

Turkey has plenty of time to throw a spanner in the GC works, watch and learn.

As for the Cyprus issue that will never be solved.

Sad how your only reason for living is to be a nuisance ...

[Kikapu]

Again you are under estimating Turkey, she will make the necessary moves after the elections, dont i didnt tell you so.

What are you saying, that Turkey will solve the Cyprus problem and be ready to be a EU member after the elections.?

The agreements with the RoC and Israel on the oil/gas are already a done deal. Turkey will come way too late after the party is over on that one.!

Extraction of natural resources do not happen overnight Turkey has plenty of time to throw a spanner in the GC works, watch and learn.

It appears that Turkey can't even get an apology from Israel for them killing 9 of her people, which must be extremely embarrassing for a self claimed regional power to be humiliated like that from a very small country such as Israel, so I don't know how they are going to throw anything in RoC - Israel path to stop them doing anything they want together, let alone a spanner. I have been waiting to watch and learn every time you suggest it, but there is nothing there to watch and learn with your predictions.!

As for the Cyprus issue that will never be solved.

If nothing else, the Oil and Gas produced by the RoC and Israel will be the catalyst to solve the Cyprus problem. The question is, will the TCs be smart enough to join the RoC to benefit from that bounty, or will they choose to remain on the sidelines looking in from outside with their pockets empty.?

[Nikitas]

"As for the Cyprus issue that will never be solved."

Which explains why Gordon, a US diplomat, sought to stress that the prolonging of partition should not affect US interests in the area.

Partition and Enosis of the TCs with Turkey has its minuses as well as its pluses. Likewise partition has its pluses for the GC side. There is no solution which is all positive for one and all negative for the other. If you want partition then the south will have exclusive rights over the resources found in the area it controls. Simple stuff really. So simple even Anglosaxons can understand it.

[ZoC]

Again you are under estimating Turkey

i doubt turkey could be any lower in my estimations...

[ZoC]

Again you are under estimating Turkey, she will make the necessary moves after the elections, dont i didnt tell you so.

What are you saying, that Turkey will solve the Cyprus problem and be ready to be a EU member after the elections.?

The agreements with the RoC and Israel on the oil/gas are already a done deal. Turkey will come way too late after the party is over on that one.!

Extraction of natural resources do not happen overnight Turkey has plenty of time to throw a spanner in the GC works, watch and learn.

turkey's such a jealous bitch. wot's it got to do with her?

As for the Cyprus issue that will never be solved.

bitch, bitch, bitch...

[Hermes]

Extraction of natural resources do not happen overnight Turkey has plenty of time to throw a spanner in the GC works, watch and learn...

Read it and weep...

Natural gas exploitation much sooner than expected

CYPRUS could begin tapping into its potentially vast offshore deposits of hydrocarbons as early as this year, a senior official said yesterday.

Solon Kassinis, who heads the energy department of the Commerce Ministry, said there were strong indications of sizeable natural gas deposits south-east of the island.

One of the blocks, licensed to Texas-based Noble Energy, could contain gas deposits in the region of 10 trillion cubic feet, he said. This assessment, Kassinis stressed, was based on seismic surveys.

Noble was given exploration rights for one of 11 Cypriot plots up for grabs in 2008, about 65 km away from Israel's Tamar prospect, the world's biggest gas find in 2009.

Under exploration rights given to Noble, the company must start drilling work on the Cypriot plot between October 2011 and October 2013.

The most promising block (Block 12) lies in what is known as the Leviathan site, closest to Israel.

The island’s electricity grid is currently powered by heavy fuel oil.

Cyprus recently signed a deal with Israel to mark out their territorial waters and has an agreement with Egypt. An agreement setting out sea boundaries, known as an economic exploitation zone, is pending ratification by Lebanon's parliament.

“The facts have changed dramatically…and Cyprus could begin exploiting its natural gas reserves in the area in three to five years, much sooner than anticipated or planned,” Kassinis told reporters.

He made the comments after having met earlier with the Commerce Minister, to whom Kassinis handed a report outlining Cyprus’ prospects for exploiting its own reserves.

The report is said to urge the government to give precedence to exploiting the country’s own natural resources over a possible long-term deal to import supplies of Liquefied Natural Gas. The latter option would also involve building a re-gasification facility on the island to process the fuel costing an estimated €800 million.

Kassinis said he outlined possible collaborations with neighbouring Israel for the construction of a pipeline meandering through the eastern Mediterranean, via Cyprus and onto Greece and transporting the fuel to European markets.

Israeli Foreign Minister Avigdor Lieberman will be in Athens tomorrow, with news reports speculating that a pipeline project could be part of his talks with the Greek leadership.

http://www.cyprus-mail.com/cyprus/natur ... d/20110111