East Mediterranean
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
11 Apr, 2025
Featured
Cyprus Gas Dreams Take Hit As Exxon’s Elektra Well Flops
Exxon’s much-hyped Elektra well offshore Cyprus has flopped, dealing a major blow to Nicosia’s gas dreams. Attention now turns to Eni’s Cronos.
Cyprus Key Blocks & Gas Discoveries
NEWS IN BRIEF
Chevron Begins Aphrodite Seabed Survey
6 Jun, 2025
Exxon Spuds Cyprus Well
2 May, 2025
Exxon Looks To Offload Egypt Find
2 May, 2025
Cyprus LNG Import Plans Edge Forward
1 Nov, 2024
BP-Adnoc Execs Meet Cyprus Energy Minister
2 Aug, 2024
Israel-Cyprus Energy Ministers Talk Power & Gas
2 Feb, 2024
Cyprus: Aphrodite Talks Extended
29 Sep, 2023
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