Tags: EU | Cyprus | Peace | Talks | Gas

Cyprus' Top Diplomat: Gas Finds Could Partly Fund Peace Deal

Wednesday, 15 June 2016 09:09 AM

NICOSIA, Cyprus (AP) — Cyprus' foreign minister says potential offshore gas discoveries could partly fund the cost of reunifying the ethnically divided island as a federation.

Ioannis Kasoulides said Wednesday future gas finds could possibly underwrite funding that would be needed to compensate individuals who — under specific criteria — wouldn't get back properties lost during the 1974 conflict that cleaved the island.

Breakaway Turkish Cypriot leader Mustafa Akinci made a similar remark in an interview with the AP in April.

Kasoulides said newfound gas would also boost Europe's energy security.

A field off Cyprus is estimated to hold over 4 trillion cubic feet of gas. Kasoulides said two large finds in adjacent Egyptian waters recently has reignited international interest for a mineral search in Cypriot waters.

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Cyprus' foreign minister says potential offshore gas discoveries could partly fund the cost of reunifying the ethnically divided island as a federation.Ioannis Kasoulides said Wednesday future gas finds could possibly underwrite funding that would be needed to compensate...
EU,Cyprus,Peace,Talks,Gas
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2016-09-15
Wednesday, 15 June 2016 09:09 AM
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