President of Cyprus and his government will continue exercising Cyprus’ sovereign rights to explore and exploit natural gas recourses potentially located within its Exclusive Economic Zone (EEZ), Government Spokesman, Stephanos Stephanou has reiterated.

A second round of licensing for the commencement of explorations in other blocks of Cyprus’ EEZ, will soon be announced, the Spokesman said.

Speaking to the press on Saturday, Stephanou underlined that intensive work is underway relating to the second round of licensing, adding that it is not a simple issue, but rather one with many aspects, all of which are been considered and assessed by the Government, and there will be a second round of licensing.

However, the Government Spokesman refrained from giving further details as to the time the second round of licensing will be officially announced.