D&C 68

Page 62

CYPRUS

Areas of Cooperation between Cyprus and Serbia Cooperation should be in the field of Energy Efficiency and Renewable Energy Sources (RES), through exchange of experiences and expertise

62

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yprus and Serbia could cooperate in Energy Efficiency and Renewable Energy Sources (RES), especially in the deployment of solar energy, for instance via exchanges of extensive experience and know-how regarding application and installations of thermal energy, solar systems as well as photovoltaic systems. Furthermore, the Applied Energy Laboratory could participate in an exchange of know-how / experiences and on practical aspects concerning the testing of solar thermal collectors and systems. The sector of innovation and research is steadily developing activities and synergies through several universities and research centres between the two countries, in areas such as RES, energy efficiency, electricity management, energy storage and hydrogen.

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HYDROCARBONS The vision of Cyprus in the field of hydrocarbons is to become part of the energy map of the Eastern Medi-

terranean region and acquire a decisive role in energy developments in the region. At the same time, the oil and gas industry aim at contributing to sustainable economic development and, ultimately, to the prosperity of Cyprus's citizens. In this regard, the strategic goal of the Hydrocarbon Service and the Cyprus Ministry of Energy, Commerce and Industry (MECI) is the optimal and sustainable development of the hydrocarbons potential of the country, the maximization of revenues, and the development of the economy for the benefit of the society and future generations. The promotion of exploration and the development of the hydrocarbon sector in Cyprus can attract investments and create new jobs throughout the entire industry chain, further strengthening the country's economy. For this to be achieved, the MECI is assessing the local labour force's needs and developing the appropriate education and training programs to obtain the relative skills, knowledge and expertise.


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