Energy Minister: Cyprus should start exporting first natural gas by 2026-2027

Energy Minister Natasa Pilides said that “realistically” Cyprus should start exporting its first natural gas by 2026-2027.

In an interview with the Greek newspaper ‘To Vima’ on Sunday, Pilides also said that the ENI/Total consortium was drawing up a specific plan on how their discoveries off Cyprus should be exploited.

The plan, which set deadlines, also describes the opportunities and means of exporting natural gas.

The plan submitted by international energy companies will determine the Cypriot government’s own decisions, she also said.

On Sunday, President Nicos Anastasiades sent the message that, despite threats from Turkey and continued violations within the exclusive economic zone of the Mediterranean island, Cyprus continues to implement its energy program.

And that talks will take place with the EU to include Cyprus in the bloc’s energy independence plans following Russia‘s invasion of Ukraine.

Last week, Italian energy giant ENI announced a new gas discovery in Block 6 offshore Cyprus.

Block 6 is operated by Eni Cyprus with a 50% stake and TotalEnergies as a partner.

Preliminary estimates indicate approximately 2.5 trillion cubic feet (TCF) of gas in place.

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