Cyprus' Energy Minister George Papanastasiou talks during an Associated Press interview in capital Nicosia, Cyprus, on Tuesday, Nov, 7, 2023.
The war "has changed the situation somewhat, and that's where Cyprus has to take advantage of this emerging window of opportunity," Papanastasiou told the Associated Press in an interview. "There are security challenges, therefore Israel casts a very positive eye to its electricity connection with Cyprus and Greece, which essentially connects it with the European grid," the minister said.
Chevron wants to send the gas to Egypt through a pipeline, but Cyprus wants to process it on a floating production facility because it would be more economically beneficial for the Cypriot government and would lend more flexibility to supplying other markets.The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.