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The Cyprus Energy Forum

Our firm, represented by Eleni Droussioti, attended the Cyprus Energy Forum, held in Nicosia on 8 December 2011.

The forum was chaired by Neophytos Neophytou, Partner, Head of Tax Services at Ernst & Young Cyprus and keynote speakers included Praxoula Antoniadou, Minister of Commerce, Industry and Trade and Solon Kassinis, Director of the Energy Service in Cyprus. The topics of discussion revolved around the geopolitical issues concerning the transportation of natural gas in Europe, Cyprus’ legal framework and the country’s harmonization with the relevant EU directives, and the current experiences of Israel in the exploitation of natural gas and the way forward for Cyprus. An overview on the legal framework governing licencing and financing in other EU countries was also presented, and the forum hosted a panel discussion on measures to be taken for Cyprus to join the others countries included on Europe’s energy map.
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