2nd Cypriot Italian Business Forum. Focus on Energy Transition and Italy Cyprus Cooperation Opportunities.

It was held on 13 December in Rome at the prestigious office of Tonucci & Partners Law Firm the 2nd Cypriot Italian Business Forum that had as focus this year the Energy Transition and the Opportunities of Italy-Cyprus Cooperation in the area.

The event, organized in collaboration with Tonucci & Partners with the patronage of the Embassy of Cyprus in Italy saw the participation of the Ambassador of the Republic of Cyprus in Italy His Excellency Minas Hadjimichael and, representing the Italian Ministry of Foreign Affairs and International Cooperation Mr. Nicola Bazzani, Deputy of the III Energy Office of the Directorate General for Global Issues of the same Ministry.

The works, moderated by Giuseppe Mongiello, Partner of Tonucci & Partners, after the introduction greetings from Mario Tonucci, Managing Director of Tonucci & Partners, by Giuseppe Marino, President of the Italo Cypriot Chamber of Commerce whose recognition by the Italian government was officially announced right in that occasion and the two representatives of the institutions present, continued with an interesting Round Table moderated by the journalist Lao Petrilli.

Of particular value was the parterre which, after viewing the presentation curated by Davide Tabarelli of Nomisma Energia, has seen the succession of institutional speeches by Michael Andreou, Secretary and Board Member of DEFA (CYGAS), Natural Gas Public Company of Cyprus, by Andreas Koutsolides, Commercial Manager of CHC (Cyprus Hidrocarbons Company) and Alberto Biancardi International Relations of GSE (Energy Services Manager) which provided an overview of the activities of the respective realities of belonging dwelling on the great opportunities that the Energy Transition also offers in terms of cooperation between the two countries.

Subsequently, after the intervention of Costas Katsaros, Founder Partner of Emilianides Katsaros Law Firm who focused on the international regulatory framework in the sector was the turn of Marco Piredda, Senior Vice President International Affairs MENA America, Asia Pacific of ENI SpA which underlined the strategic nature of the East Med Area both in terms of new discoveries and explorations and in terms of prospects for increasing energy demand. Piredda also focused on the importance of the energy mix and, in particular, of natural gas for decarbonisation and on the need, from the point of view of the oil companies, to identify markets capable of absorbing the considerable abundance of supply of this energy resource.

Finally Mario Franchin, Senior Vice President Commercial Global Solution, SNAM SpA, confirming the growing importance of the Eastern Mediterranean area, has emphasized the role of SNAM as leader in the design and construction of natural gas liquefaction plants and on which the Republic of Cyprus has long had developed intervention lines aimed at guaranteeing the storage and export of raw materials. Franchin then concluded by also recalling SNAM’s interest in hydrogen as a resource to be combined with others to achieve those principles of sustainable development and energy reliability brought to the attention of global public opinion.

The conclusion of the works was then entrusted to Federico Franchina, Coordinator of the Energy and Shipping Committee of the Italo Cypriot Chamber of Commerce who focused on the great opportunities that the Energy Transition offers to Italian companies in the sector, focusing on the important local support function offered by the Chamber.

In the margins of the conclusions a short presentation was then made about EMC 2020 Cyprus, important Oil and Gas Expo to be held in Cyprus at April 2020 in relation to which favourable conditions have been reserved for members of the Italo Cypriot Chamber of Commerce.

For information and insights on the contents of the article and on activities of the Italo Cypriot Chamber of Commerce write to: segreteria@sintesinetwork.com

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