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 |
10 Nov, 2023
Featured
Nicosia Plays Hardball As Aphrodite Stand-Off Continues
Cyprus has given the Aphrodite partners more time to adhere to the field’s 2019 development plan but neither side appears willing to budge.
Aphrodite Development Concept & Key East Med Chevron Assets
NEWS IN BRIEF
Cyprus: Aphrodite Talks Extended
29 Sep, 2023
Cyprus- Israel: Presidential Visit, Aphrodite Talks
12 May, 2023
Cyprus Considers FSRU Lease Amid Further Delays
14 Apr, 2023
Cyprus President: Gas Focus For Egypt Visit
7 Apr, 2023
Cyprus: New Energy Minister
3 Mar, 2023
New Cyprus President
17 Feb, 2023
Cyprus: Aphrodite Drilling Deadline Extension
12 Nov, 2021
Exxon Lines Up Ship For Q4 Cyprus Drilling
8 Oct, 2021
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