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
Cyprus has made gas discoveries but, as with Israel, regional politics have stymied development plans. Turkey is the largest regional gas importer, but sales here would require a solution to the island’s 44-year division. Piping gas to Egypt may be more realistic, both for 2011’s Aphrodite discovery and for Eni’s promising early 2018 Calypso find.
2019 In Numbers
Peak Load
1.03
GW
GDP
366
$bn
Growth
4
%GDP
Debt
222.6
$bn
Debt to GDP
61.49
%
| Peak Load | 1.03 | GW |
| GDP | 366 | $bn |
| Growth | 4 | %GDP |
| Debt | 222.6 | $bn |
| Debt to GDP | 61.49 | % |
8 Nov, 2019
Featured
Cyprus Advances Aphrodite Development
Cyprus issued its first ever “exploitation license” this week to the partners in the 4.2tcf Aphrodite gas field. Energy...
Cyprus & turkey East Mediterranean Claims
NEWS IN BRIEF
Cyprus Shortlists For LNG Imports
20 Sep, 2019
Cyprus Gas Compromise?
6 Sep, 2019
Cyprus Awards FSRU Tender
30 Aug, 2019
East Med Gas Forum Launched
26 Jul, 2019
Cyprus Closes FSRU Tender
19 Jul, 2019
Cyprus Eyes LNG Suppliers
7 Jun, 2019
Cyprus Says Drill Plans Unchanged
24 May, 2019
Exxon Finds Gas Off Cyprus
8 Feb, 2019
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