Cyprus Gas to Feed Egyptian LNG Infrastructure from 2028

Egypt is looking to offshore gas reserves from Cyprus to support its domestic export infrastructure amid declining local output. The proposed arrangement provides Cyprus with a viable route to international markets that would otherwise be cost-prohibitive to develop alone.

Central to this plan is the recently sanctioned Cronos project located offshore Cyprus. The field is expected to yield up to 2.8 million tonnes of liquefied natural gas per year once operations commence in 2028.

The initiative is structured to bolster energy supplies to Europe as an alternative to Russian gas via Egyptian liquefaction plants. However, the regional project still faces potential hurdles involving commercial agreements, technical execution, and geopolitical factors.