Lakkotrypis confirms Shell’s interest to by Cypriot gas

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Lakkotrypis confirms Shell’s interest to by...
 © BusinessMail 2018
By Stelios Orphanides

Energy Minister Yiorgos Lakkotrypis said Royal Dutch Shell has showed interest in buying Cypriot and Israeli gas over the next 10 years.

Lakkotrypis, who was speaking on state radio CyBC, confirmed a Bloomberg report saying Shell was interested in buying 10bn cubic metres of Cypriot and Israeli natural gas over the next 10 years for $25bn (€20.3bn).

The minister said Cyprus was “close to a deal,” relating to talks to sell gas to one of the two liquefaction plants on Egypt’s Mediterranean coast via pipeline, without revealing additional...


This article was automatically added to our system 13-3-2018

Lakkotrypis confirms Shell’s interest to by Cypriot gas


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