East Mediterranean
Cyprus
Cyprus is strategically located at the heart of the East Mediterranean. It hopes three gas discoveries since 2011 can propel it to become a major regional player, but IOCs are taking their time on development.
State of Play
The presence of oil majors Chevron, TotalEnergies, Shell, ExxonMobil and Eni and three 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 yet to materialize.
2019 In Numbers
| Peak Load | 1.03 | GW |
| GDP | 24.6 | $bn |
| Growth | 3.2 | %GDP |
| Debt | 23.5 | $mn |
| Debt to GDP | 95.5 | % |
12 Aug, 2022
Featured
Eni Makes ‘Big But Not Massive’ Cyprus Gas Discovery
Italy’s Eni has encountered a “large gas reservoir” on Cyprus’ Block 6, its second success in Cypriot waters. But could Turkey play spoiler again?
Cyprus: Key Offshore Acreage
NEWS IN BRIEF
Cyprus: Aphrodite Drilling Deadline Extension
12 Nov, 2021
Exxon Lines Up Ship For Q4 Cyprus Drilling
8 Oct, 2021
Cyprus Readies Q4 Drilling
3 Sep, 2021
Chevron Completes Noble Deal
9 Oct, 2020
Eni-Total Postpone Cyprus Drilling
8 May, 2020
HOEGH Offers Cyprus FSRU
1 May, 2020
Cyprus Shortlists For LNG Imports
20 Sep, 2019
Cyprus Gas Compromise?
6 Sep, 2019
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