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CΗC President: Cyprus is in a Transitional Phase Towards a More Sustainable and Cleaner Energy Future
July 15, 2021
Cyprus is in a transitional phase towards a more sustainable and cleaner energy future, Toula Onoufriou, President of the Cyprus Hydrocarbons Company told CNA, noting it is the company’s obligation for Cyprus to become a supplier of cleaner energy in the region and beyond.
Referring to international prices, Onoufriou said that the repercussions of policies for energy transition and abandoning carbon emissions will significantly affect the natural gas market. However, she expressed the view that natural gas, which is the ‘cleanest’ of hydrocarbons together with the development of technologies to reduce emissions, will keep demand unchanged. This resilient, long-term demand will enable Cyprus resources to compete as a source of supply at a regional and international level.