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Cyprus to supply Europe with natural gas by 2028 amid geopolitical shifts

By PulseAugur Editorial · [1 sources] ·

Natural gas from the Cronos field off the coast of Cyprus is slated to begin supplying European consumers by March 2028, according to Cyprus's Energy Minister Michael Damianos. This development positions the Eastern Mediterranean as a crucial alternative energy source for Europe, especially given the ongoing conflicts in Ukraine and the Middle East. The Cronos field's gas will be transported to Egypt for liquefaction and then shipped to Europe, representing the first time this region's gas will reach European markets. Other significant gas fields like Zohr, Glaucus, Pegasus, and Aphrodite are also being developed, with potential to further bolster energy supplies. AI

RANK_REASON The development of a new major energy source for Europe, driven by geopolitical necessity, constitutes a significant shift in energy supply. [lever_c_demoted from significant: ic=1 ai=0.1]

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Cyprus to supply Europe with natural gas by 2028 amid geopolitical shifts

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The development of a new major energy source for Europe, driven by geopolitical necessity, constitutes a significant shift in energy supply. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Menelaos Hadjicostis, The Associated Press ·

    Eastern Mediterranean Sea is fast becoming an alternative energy source for Europe amid wars in Ukraine and Mideast, Cyprus says

    European consumers can expect natural gas from an undersea deposit off Cyprus to help meet their energy needs as early as March 2028.

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