George Papanastasiou: Adnoc has expressed interest in Cyprus gas

08:47 - 05 November 2024

Companies

United Arab Emirates energy giant Abu Dhabi National Oil Co. (Adnoc) has expressed interest in Cyprus' emerging natural gas sector, Energy Minister George Papanastasiou has told Reuters.

Papanastasiou said Adnoc had not made any formal request or proposal to the government, though it had expressed interest "quite a number of times".

Energy Minister George Papanastasiou

"They expressed interest for the eastern Mediterranean," the minister said on the sidelines of an Abu Dhabi energy conference. "Their interest is mostly on de-risk assets (acquisitions). But at the same time they may consider entering a new potential licensing round in order to get into blocks," he said.

The minister did not say when Adnoc expressed interest.

Reuters has previously reported, citing sources, that Adnoc and BP met with Cypriot energy ministry officials last summer to discuss investments in the country's natural gas sector.

George Papanastasiou: Adnoc has expressed interest in Cyprus gas

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