Cyprus can benefit from gas reserves after reunification deal

The island is dependent on only one type of energy production despite discovery of Aphrodite gas field five years ago.

Photo by: Reuters
Photo by: Reuters

People walk at an open-air market in Nicosia, Cyprus, February 1, 2017.

Cyprus is dependent on only one type of energy production using expensive fuel oil which makes it's electricity cost one of the highest in Europe.

This is despite the Aphrodite gas field that was discovered five years ago.

If a deal to reunify Cyprus is reached, the island could benefit from huge natural gas reserves and it could provide a large economic boost. 

And for some, it's the main reason an agreement between the two sides is so important.

TRT World's Andrew Hopkins reports.

Source: 
TRTWorld