We are very much interested in looking at the different possibilities of investment in the new round that will be announced in Cyprus, Ghanem, chairman of NOC.
Authorities will launch a second licensing round at some point in 2009.
The island is exclusively dependent on heavy fuel oil for its power generation, but plans to switch to natural gas by about 2014.
Officials put the island’s energy requirements in LNG at around one billion cubic meters per year.
Consultations on gas supplies are in progress with Algeria and Egypt, whilst Ghanem said he had also discussed the option of Libya providing the island with gas.
