# Cyprus signs $1.8 billion deal to develop its first gas field, with exports to Europe via Egypt

https://mins.news/en/item/116057

- euronews, 2026-10-26 15:11 UTC
- Economy
- Original: https://www.euronews.com/2026/10/26/cyprus-signs-18bn-deal-to-develop-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.