eyes new natgas round

Companies will be invited to submit expressions of interest

By Michele Kambas

NICOSIA, Nov 23 (Reuters) Cyprus on Wednesday formally decided Canada Goose online to launch a new hydrocarbons licensing Canada Goose Coats On Sale round, buoyed by growing indications of gas canada goose deposits and defying old foe 2018 canada goose outlet Turkey, which disputes its exploration rights.

The island cabinet said it had formally decided to canada goose coats invite proposals for up to 12 offshore plots. based Noble Energy which launched an exploratory gas drilling in September.

Turkey, the only country to recognize a breakaway state in northern Cyprus, has challenged Canada Goose Jackets Cyprus jurisdiction in searching for oil and gas. It says the natural canada goose black friday sale wealth of Cyprus also Canada Goose Outlet belongs to Turkish Cypriots, who do not participate in the island internationally recognised government.

Earlier Wednesday, Turkey Energy Minister Taner Yildiz canada goose store said Cypriot and Israeli energy exploration was illegal and that any discoveries in the east Mediterranean basin should be equally shared.

Noble Cypriot concession lies close to significant gas finds by Israel in the past two years.

Cyprus, which is internationally recognised Canada Goose Online and a member state buy canada goose jacket of the EU, says exploring for oil https://www.canadagoosejacketca.ca and gas canadian goose jacket is within its rights. Areas it has defined for exploration all lie to its south, clear of the line which has divided Canada Goose Parka the island for decades.

government stresses once again its determination to exercise its sovereign rights canada goose outlet store locations in the economic exploitation zone of the Republic, always in accordance to international law, canada goose clearance government spokesman Stefanos Stefanou said.

The island was split in a Turkish invasion in 1974 Canada Goose sale after a brief Greek inspired coup. Talks are underway to soothe frictions, but attempts are confounded by years of separation and deep rooted distrust and bitterness on both sides.

Cyprus canada goose clearance sale launched its first licensing round cheap Canada Goose in 2007. The licensing round decision concerned exploration blocks with the exception of the block under concession to Noble, Stefanou said. Based canada goose replica on government documentation, there are canada goose outlet toronto factory 12 blocks remaining, even though 2 of canada goose outlet sale them facing Lebanon were excluded from the 2007 licensing round. Companies buy canada goose jacket cheap would then have three months to submit proposals to consultants. The consultants would subsequently short list companies and make recommendations to the energy minister. The cabinet will take any final decision, Stefanou said.

Asked whether the process would be concluded within 2012, he said: wouldn rush to predict when this process will be done, there is a timeframe for this canada goose coats on sale in the law and in EU directives. Today the cabinet decided that these procedures be set in motion for the second licensing round.

The results of Noble exploratory drilling are anticipated in early to mid December. Noble has said the prospect is estimated to contain 3 to 9 trillion cubic feet of gas a discovery which would make Cyprus, with estimated needs of 1 billion cubic metres per annum, canada goose deals self sufficient in the fuel for decades.