The discovery of natural offshore gas undoubtedly generates great prospects and tremendous opportunities regarding the economy of the island in general. To this end, the geostrategic and geoeconomic role of the Republic of Cyprus as an energy centre is definitely enhanced. Cyprus becomes a genuine future energy player with a great deal of potential. Consequently, new structures are being created in relation to the management of hydrocarbon reserves thereby generating the opportunities for the development of synergies with neighbouring countries.

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