East Med Gas Still Viable Despite Funding Doubts

摘要

East Mediterranean gas projects are still viable but will rely increasingly on commercial lenders as key European financial agencies look to divest from gas in the near future, says Cypriot Energy Minister Georgios Lakkotrypis. "The European Investment Bank (EIB) decision was very controversial to include gas. Now it is up to the commercial sector ... to step in to fill the gap,” Lakkotrypis told a Cyprus investment conference at the London Stock Exchange Tuesday (IOD Nov.18’19).