Cyprus’ energy hopes rise as Ukraine crisis deepens

Written by on May 17, 2014 in Europe - Comments Off on Cyprus’ energy hopes rise as Ukraine crisis deepens

As the crisis in Ukraine deepens, Cyprus seems to be seen as a key player in EU rush for alternative gas supplies. Policy makers have even gone as far as to hope that new gas routes could help end decades of division on Cyprus. And the timing of US vice president Joe Biden’s visit next week in the island is no coincidence. It is worth reminding that it will be the first visit by a US president or a vice president in 52 years.

The risk of investing in energy infrastructure in Cyprus seems to have been reduced as the crisis in the Ukraine unfolds, with the EU looking towards solutions that may cost more, but which will ensure its energy security, an EU informal meeting in Athens has heard.

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(Photo: Mark Merifield/flickr.com)

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