The Eastern Mediterranean, following the discovery of natural gas deposits in the region could play a role in the changing energy corridors both for the European Union and China, Cypriot Commerce, Industry and Tourism Minister Neoclis Sylikiotis said. In a speech during the discussion on security of energy supply, in the framework of the EU-China High Level Summit on Energy, Sylikiotis stressed the significance of the recent discovery of natural gas deposits in the Eastern Mediterranean including the Cypriot Exclusive Economic Zone, noting that ``these new developments create new prospects for the role the Eastern Mediterranean could play in the change of the energy corridors both for the EU and China. He underlined that significant efforts should be made towards modernising and extending Europe`s energy infrastructure so it could be assured that no EU member-state would remain isolated from the natural gas and energy networks. The completion of a functional and a totally interconnected internal market in the field of electricity and natural gas with fair and competitive prices is the key for the achievement of our targets for energy and climate, the Cypriot Minister stressed. (AMNA)
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