Cyprus to export gas to Europe via Egypt in 2028
Cyprus announced that the "Cronus" natural gas field, located off its coasts, intends to supply Europe with gas starting from March 2028 through a project connecting the field to a gas processing plant in Egypt. This enhances the role of the Eastern Mediterranean as an alternative energy source amid the repercussions of the war in Ukraine and disturbances in the Middle East. The project involves constructing a pipeline to transport the gas to Egypt, where it will be processed and liquefied for maritime export to Europe. The estimated cost of the project is around two billion dollars, aiming to export more than 3 trillion cubic feet of gas, with the potential to use some of it to meet Egypt’s domestic needs.
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