41639 - Eni-Kogas renews its license re: marine blocks 2, 3 and 9

N. Lygeros
Translated from the Greek by Athina Kehagias

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Whatever may have been said, what’s substantial is the next reality and this is apparent from the decision of the Eni-Kogas consortium to remain at marine blocks 2, 3 and 9 of the Cypriot EEZ. The Ministerial Council of Cyprus has approved its request, and consequently it will have the right to continue its explorations up until the beginning of 2020. Let also take into account that Total is interested in participating within these marine blocks as well. Especially now that it has common interests with Eni, which in turn represents 80% of the consortium. As they already function together on other marine blocks as well, that’s a very supportive approach. Because France has already proven with the usage of its frigates that it will not about to leave Total alone, if the geopolitical context is not entirely clear. Consequently, this move is very important for Cyprus itself as well. Therefore we have a fine and tangible example of enhancement of geopolitics through geoeconomy. As a result the alliance context which exists upon the Cypriot chessboard, which is none other than the Cypriot EEZ established in 2004 after the rejection of the Annan Plan and the accession to the European Union, is activated more dynamicly than ever.