UAE energy giant ‘expresses interest’ in Cyprus gas

United Arab Emirates energy giant Abu Dhabi National Oil Co has expressed interest in Cyprus’ emerging natural gas sector, Energy Minister George Papanastasiou has said.

“They expressed interest in the eastern Mediterranean,” Papanastasiou told Reuters on the sidelines of an energy conference in Abu Dhabi.

He clarified that Adnoc had not made any formal request or proposal to the government, though it had expressed interest “quite a number of times”.

“Their interest is mostly on de-risk assets (acquisitions).