Two gas fields off Cyprus could start production by 2033

Published on

30/06/2026 - 16:34 GMT+2

Energy companies ExxonMobil and QatarEnergy signed a "declaration of marketability" with Cyprus in Nicosia on Tuesday, officially declaring two natural gas discoveries off the coast of the island nation as commercially viable.

The Glaucus and Pegasus natural gas fields are major ExxonMobil discoveries in Block 10 of Cyprus's exclusive economic zone, thought to hold more than 7 trillion cubic feet of gas.

Speaking after the signing took place, John Ardill, ExxonMobil’s vice president of global exploration, reportedly said natural gas could start flowing from the fields by 2033.