Free Trial

Gas from Cyprus Not Expected Until 2027

NATURAL GAS

Cypriot gas is expected to be commercially available by 2027 its energy minister said today making it a longer term prospect for EU supply to replace Russian flows.

  • "With the most recent discovery and the numbers that we have, we have about 12 to 15 tcf (trillion cubic feet) of natural gas potentially available for supply to the EU," Energy Minister Natasa Pilides said.
  • "We have initiated a discussion with the Commissioner of Energy ... on how we can expedite the process of developing and utilizing our own natural gas," she added.
  • "The idea is to find synergies between companies operating in nearby plots so we can have a plan on how to construct infrastructure which can be finished in a short period of time," she said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.