"Discovery of energy sources in Israel and Cyprus caused the U.S. to realign its policies in the region," he added. Pamboridis, who is also the author of the book titled "Hydrocarbons of the Republic of Cyprus," said that European countries are the most important clients for the natural gas that Cyprus will be exporting." "The energy reservoirs will also contribute positively to the peace process on the island. Apart from the Turkish and Greek communities on the island, Israel, the U.S., Turkey, Lebanon, Syria and Egypt will reap the benefit of the peace process in Cyprus.
He also stressed the fact that a pipeline, which is slated to be constructed in Turkey, will provide a great commercial advantage by transporting the natural gas reservoirs to international markets. He continued, "If this gas has a price that can compete with Russian gas, the Turkish market, which is an industrial giant, will take advantage of a new natural gas source that will be an alternative to Russian natural gas."
http://www.dailysabah.com/energy/2014/0 ... -of-cyprus