TRNC to start oil and gas exploration offshore

Turkish exploration ships will soon begin offshore drilling activities around Cyprus, said the Economy and Energy Minister on Wednesday.

We will protect the rights and interests of the Turkish Cypriots and take the necessary steps on the issue of natural gas, just as we do on other issues, Özdil Nami told Anadolu Agency, adding that Turkish actions would remain within the frame of international agreements.

Mr Nami added that the TRNC is always ready for energy cooperation with the Greek Cypriot administration.

Stressing that TRNC holds claims over hydrocarbon reserves in the vicinity of the eastern Mediterranean island, he noted that a UN report as well as statements from the U.S. required both communities’ rights be protected with regard to the use of resources.

He added that Greek Cypriot leader Nicos Anastasiadis' proposal to reserve TRNC’s share of hydrocarbon income in a fund until a solution is found to Cyprus issue was "irrational and illogical”.

Turkey is the easiest, most economical and fastest route in transporting natural gas extracted in the eastern Mediterranean to Europe, Mr Nami said, underlining Turkey’s "enormous" energy transportation infrastructure.

Cyprus Today