EconomyCyprus signs $1.8 billion deal to develop its first gas field, with exports to Europe via Egypt
Cyprus has signed a $1.8 billion agreement to develop its first gas field, a step towards tapping its natural gas reserves and strengthening energy cooperation in the Eastern Mediterranean. Exports to Europe will pass through Egypt, and production is due to begin in 2028.
Eeuronews★★★☆☆2026-10-26 15:11Original
Cyprus signs $1.8 billion deal to develop its first gas field, with exports to Europe via Egypt