US: Cyprus has the right to develop its resources in its EEZ

The US recognises the right of the Republic of Cyprus to develop its resources in its exclusive economic zone, Jen Psaki, State Department spokesperson has said, in response to questions on Turkey`s provocative moves in the Eastern Mediterranean relating to Cyprus.

“We recognise the right of the Republic of Cyprus to develop its resources within its exclusive economic zone. We continue to believe that the natural gas and oil reserves of the island, as well as all its resources, must be fairly shared between the two communities in the framework of a comprehensive settlement,” she added.

Psaki also said it was important to avoid activities which could increase tension in the region and reaffirmed US support for UN efforts to reunite Cyprus in a bizonal bicommunal federation.

Consortium ENI/KOGAS has been awarded exploration licenses in Cyprus` EEZ, in Blocks 2,3 and 9. It has completed 2 seismic surveys and is planning to drill 6 wells in the coming 18 months.

Previous exploration and appraisal drilling in Block 12 of Cyprus` EEZ by Noble Energy & Delek has indicated estimated reserves between 3.6 tcf to 6 tcf, namely 5 tcf. Further exploration is planned.

Last Friday, Turkey issued a directive to seafarers (NAVTEX), which binds some areas within the EEZ of the Republic of Cyprus. Nicosia adopted a directive which proved the illegality of Turkey`s Directive. Turkey, whose troops occupy Cyprus` northern part, since they invaded in 1974, does not recognise the Republic of Cyprus.

The latest round of UN-led peace talks began in February this year between the leaders of the two communities, Greek Cypriot and Turkish Cypriot, to find a negotiated settlement that would reunite the country.