Cyprus Targets Gas Exports by 2028 to Boost EU Energy Security

Cyprus could begin producing natural gas for export by 2028, according to Energy Minister Michael Damianos. The move could help Europe diversify its energy supply as geopolitical tensions in the Middle East raise concerns about global oil and gas routes.

Damianos said the country hopes to start producing gas from the Cronos offshore field within the next few years. The project is seen as an important step in strengthening Europe’s energy security.

Middle East tensions highlight supply risks

Concerns about energy supply have increased due to tensions in the Middle East. Key routes such as the Strait of Hormuz — which carries around 20% of the world’s oil trade — have faced disruptions following strikes by the United States and Israel on Iran in late February.

Damianos said the crisis shows why Europe must develop energy resources outside the Gulf region. “The crisis in the Middle East shows we should exploit reserves outside the Gulf. Europe cannot depend on only a few regions,” he said.

Cronos gas field development

The Cronos gas field was discovered by Eni of Italy and TotalEnergies of France. The field contains more than three trillion cubic feet of natural gas, enough to meet Cyprus’ domestic needs for decades or support exports to nearby markets.

Cyprus has discovered 15–18 trillion cubic feet of natural gas across six areas of its exclusive economic zone. However, development has been slow because the reserves are spread across different offshore blocks, requiring separate investment decisions.

Gas likely to be processed in Egypt

Under current plans, gas from the Cronos field could be transported to facilities in Egypt. There it would be processed and converted into liquefied natural gas (LNG) before being shipped mainly to European markets.

Damianos also said Cyprus has not ruled out building its own LNG export terminal in the future, but such a project would depend on larger gas discoveries.

Greece–Cyprus–Israel power cable project

Alongside gas development, Cyprus is also planning major electricity infrastructure. One key project is the Greece–Cyprus–Israel electricity interconnector, an undersea cable linking the island to regional power networks.

The project is expected to improve energy security and reduce Cyprus’ isolation from Europe’s electricity grid.

Damianos said the interconnector will play a key role in ensuring stable energy supply for the island and strengthening regional energy cooperation.