The international conference, “THE CYPRUS-EU PRESIDENCY SUMMIT: Leadership Strategy For Stability Progress and Prosperity in Europe”, of Economist, was held in Nicosia, Cyprus, on 08 & 09/10/2012. The conference was held in the framework of the European Presidency of Cyprus, under the aegis of the European Union and the European Parliament. Sessions focused on sustainable development, tackling of climate change and exploration of the energy landscape. The Ministry of Environment and Climate Change was represented by Mr. Makis Papageorgiou. Significant speakers from Greece, Cyprus and the wider area of SE Mediterranean participated and key executives of the political and business world attended the conference.
DEPA was represented by Dr. Konstantinos Karagiannakos / Director of International Activities, who stressed inter alia in his speech that the European market, which is the most mature in the world, shows an increasing deficit in quantities (it is estimated that it will go up to 100 billion cubic meters up to 2025, mainly due to the decrease in the domestic production). Dr. Karagiannakos stressed that the natural gas of the “Levantine Basin” can be transported to the European markets either as liquefied natural gas or by constructing a pipe through Greece. If there are adequate quantities for exports, both solutions can be implemented. Finally, Dr. Karagiannakos noted that compared to a liquefaction terminal, the transmission pipe is the most advantageous solution for the producers, provided that long-term contracts will be signed with the buyers guaranteeing in this way revenues for the producers and the viability of the whole enterprise.