East Mediterranean


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 %
Choose Sections
Load more

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.