Besides the political issues a pipe line to Turkey is a mistake.
Using modern methods NG should be processed on site to make up to 200 products.
Plastics , Pharmaceuticals and other Chemicals on Cyprus can be a source of jobs and a way to rapidly diversify the Cypriot economy and hopefully ween the labour force away from financial services.
Most of the plastic made from crude oil/coal but what most people don't know is that shampoo bottles, liquid detergent containers, plastic wraps andtother plastics and waxes can also be made from natural gas.
See Video:
http://www.totalrefiningchemicals.com/E ... astic.aspx
Ethanol can also be made from Natural Gas. Waxes from NG are used to make coatings on capsules and medicines.
Cyprus needs to consider developing these industries on the island instead of shipping cheap gas to Northern Europe to simply keep the Northern Europeans warm and so they can cook.