Cyprus is aiming to begin producing natural gas from offshore reserves between late 2027 and early 2028, according to Energy Minister Michalis Damianos. He made the remarks on Tuesday ahead of an informal meeting of EU energy ministers in Nicosia, held as part of Cyprus’ presidency of the Council of the European Union.
Speaking about a newly signed framework agreement with Egypt for the development of gas fields within Cyprus’ exclusive economic zone (EEZ), Damianos described the deal as a significant step forward. The agreement, concluded in Cairo a day earlier, underlines Cyprus’ intention to advance its energy plans and strengthen cooperation with international partners, including Egypt and the European Union.
Under the current strategy, gas from the Aphrodite field is expected to be transported to Egypt, where it will be liquefied before being sold on the domestic Egyptian market. Meanwhile, output from the Kronos field is planned for export to Europe via Egyptian infrastructure.
Damianos emphasized that the agreement reflects a broader strategic partnership between Cyprus and Egypt, covering multiple offshore deposits.