Cyprus natural gas to supply Europe by first half of 2028, minister says, as EU seeks new sources
Summary
Cyprus plans to supply natural gas from an undersea field called Cronos to Europe by the first half of 2028. The gas will be sent through a pipeline to Egypt for processing and then shipped to Europe as the EU looks for new energy sources amid geopolitical tensions.Key Facts
- Cyprus’ Energy Minister Michael Damianos announced the natural gas supply timeline in August 2026.
- The Cronos gas field is located off the southern coast of Cyprus in the East Mediterranean.
- French company TotalEnergies and Italian company Eni decided to develop the Cronos field in July 2026.
- A pipeline will connect the Cronos field to Egypt’s Zohr natural gas deposit about 65 miles away.
- The gas will be processed at Egypt’s Damietta facility, where it is liquefied for shipping.
- The project is expected to cost about $2 billion, which is cheaper than other options due to existing nearby infrastructure.
- Over 3 trillion cubic feet of gas in Cronos will mostly be exported to Europe, with a small portion possibly used by Egypt.
- Other fields like Glaucus and Pegasus in Cyprus’ waters may start delivering gas by 2033, developed by ExxonMobil and QatarEnergy.
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