Cyprus Oil, Gas Tenders Get ‘Positive Reaction,’ Minister Says

Cyprus received “a positive reaction” from energy companies seeking to participate in a second round of bidding for licenses to explore offshore for oil and gas, Neoklis Sylikiotis, Cyprus’s Commerce and Industry Minister said.

“The interest is higher than for the first licensing round,” Sylikiotis said at a conference in Athens today, adding that Chinese companies have submitted proposals for construction of a gas facility in Cyprus.

The bidding deadline is May 11.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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