Cyprus

Cyprus is strategically located at the heart of the East Mediterranean. Four undeveloped gas discoveries in the country's offshore could prove to be a game-changer not only for Cyprus but for the region if major IOCs eventually decide to proceed with development.

State of Play

The presence of oil majors Chevron, TotalEnergies, Shell, ExxonMobil and Eni and five to-date gas discoveries have yet to yield any gas production for Cyprus. The country's plans to import LNG via a custom converted FSRU have suffered constant delays.

Gas Field Discoveries To Date

NAME/OPERATOR	SIZE	DATE
Aphrodite/Chevron	3.2tcf	2011
Calypso/Eni	1-2tcf	2018
Glaucus/Exxon	3tcf	2019
Cronos/Eni	2.5tcf	2022

Oil & Gas

18 Oct, 2024

Featured

Cyprus’ Cronos Gas Find: Eni & Total At Odds Over Gas Plan

Eni and TotalEnergies, 50:50 partners at Cyprus’ 2022 Cronos gas discovery, are at odds over how best to develop the field. Eni favors Zohr tieback and Total FLNG.