Role of Cyprus for European energy security

The growing role of Cyprus for European energy security, as a potential supplier of natural gas and as a hub of safe and reliable networks is indisputable, said MP Chrysis Pantelidis during his participation in the Inter-Parliamentary Conference on the challenges and opportunities for the future of the energy sector. European Union supply held in Stockholm from 23 to 24 April.

According to an announcement by the Parliament, Mr. Pantelidis, Member of the Parliamentary Committee on Foreign and European Affairs and the Parliamentary Committee on Energy, Trade, Industry and Tourism, participated in the proceedings of the Inter-Parliamentary Conference, with the central theme being the challenges and opportunities for the future of the energy sector. supply chain of the European Union (EU), organized by the Swedish Parliament, as part of the parliamentary dimension of the current six-month Swedish Presidency of the Council of the EU.

It is added that during the discussion on the security of energy supply and the challenges in the energy markets, in the light of the current global situation, Mr. Pantelidis pointed out that the exploitation of both natural gas and renewable energy sources of the Eastern Mediterranean region , can make a decisive contribution to addressing the challenges for the Union's energy security.

It is noted that the Cypriot MP referred in particular to the importance of regional cooperation in the energy sector and to important projects being developed or under study, including the natural gas liquefaction plant, the EuroAsia Interconnector, the EastMed pipeline, with benefits for both the region , as well as for the EU.

It is reported that Mr. Pantelidis explained the growing role of Cyprus for European energy security, as a potential supplier of natural gas and as a node of safe and reliable networks, underlining that it is indisputable.

Additionally, it is noted that in the context of a discussion on sustainable development, research and innovation to address the EU's energy challenges, Mr. Pantelidis emphasized the importance Cyprus attaches to the development of energy storage technologies and infrastructures, so that the country can make the most of solar energy on the island.

"The maximum utilization of solar energy, noted Mr. Pantelidis, is the optimal and final solution, not only for domestic energy demand, but also for the energy needs of the rest of Europe," the announcement concludes.

Source: stockwatch.com.cy

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