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Cypriot Commerce Minister Neoklis Sylikiotis said the aim is for Cyprus to become a regional energy hub. The country is now in talks with Israel, which has discovered substantial offshore gas fields of its own, on ways to jointly process their reserves at the planned Cypriot facility for export. Lebanon could also join the project with its own potential offshore gas deposits. However, Cyprus' gas ambitions face strong opposition from Turkey, which doesn't recognize it as a sovereign country. Cyprus was split into an internationally recognized Greek Cypriot south and a breakaway Turkish Cypriot north in 1974, when Turkey invaded after a coup by supporters of Union with Greece. Turkey says Turkish Cypriot rights are being ignored, has claimed some of Cyprus' offshore blocks as its own and has warned that it would react strongly to gas exploration by Cyprus. Cyprus says exploiting its natural resourses is its sovereign right backed by the United Nations and the European Union and that Turkish Cypriots can reap the benefits once a political accord reunifying the island is reached.
[Associated
Press;
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