Following Exxon Mobil’s announcement that a drilling will take place in marine block 10 of the Cypriot EEZ, we also came across a new prospect which has been delayed by Cyprus for years now.
The American oil giant in the hydrocarbon field, isn’t expressing itself without thinking about the consequences of such statements.
Therefore, when they officially announce even prior to the initiation of their first drilling, obtaining at this point of time only one contract with the Republic of Cyprus, that they consider the existence of an LNG terminal station in Cyprus of strategic importance, we can all understand, even the more specialized ones, that America doesn’t come in the region to merely cruise around.
A LNG terminal station will change all of the economic data, since it constitutes in itself a 10 billion Euro investment, it needs 4,500 people in order to be created, and during its first and second stages more than 100.000 working positions will be created.
Even if these numbers seem unrealistic to those not involved in the field, we now know how Exxon Mobil observes Cyprus’ future, and that this corresponds with our earlier analyses in the fields of both energy and strategy.
With these new data, it will be very difficult for all these defeatists who are constantly explaining to us that the Aphrodite reserve is not that big, that it’s not sufficient enough for large investments, that we obtain nothing apart from that, and that we did very well that we gave it to Egypt for liquefaction through a pipeline which could’ve ended up in Cyprus if the Cypriots themselves believed in their capabilities.
Consequently they aren’t saying much now, because they wouldn’t dare question Exxon Mobil’s announcements, to avoid been ridiculed officially, whereas of course that has already occurred, since we are now aware in the most effective manner, that their choices which delayed Cyprus’ path to growth could only be attributed to their ignorance.
Of course, now that we are entering formally into a pre election phase, many politicians will explain to us that they have always agreed with the creation of a LNG terminal station, but, what the heck.
What’s important its only its construction for the future of Cyprus, and not of course the verbalism which constantly changes according to the arguments of the powerful ones.