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

https://mins.news/en/video/123808

- euronews, 2026-10-31 15:25 UTC
- Economy
- Original: https://www.youtube.com/watch?v=ahUcdgWmO6s

> Cyprus has signed a $1.8 billion agreement to develop its first gas field, with exports to Europe planned through Egypt. The project aims to tap the country’s gas reserves and strengthen Eastern Mediterranean energy cooperation, with production expected to begin in 2028.