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It has also warned that the gas search could damage long-running reunification talks. Greek Cypriots, however, contend that the gas could act as an incentive to speed up a peace accord that would allow Turkish Cypriots to share in any gas riches and benefit Turkey as well. "We call on Turkey to demonstrate a spirit of peace and reconciliation and to refrain from any adventurist actions and provocations that cause problems to the talks and tension in the eastern Mediterranean," said Christofias. Under strain from Europe's financial crisis, Cyprus officials see the gas find as a potential boost to the island's euro18 billion ($23.5 billion) economy, which is forecast to grow by a meager 0.2 percent of gross domestic product next year. Christofias said a new licensing round for more offshore exploratory drilling inside the island's 17,000-square-mile (51,000-square-kilometer) exclusive economic zone will be launched soon. Delek has proposed a partnership with Cyprus to build a facility on the island to process and export gas found in Cypriot and Israeli waters.
[Associated
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