Cyprus expects to begin exporting energy from its own natural gas reserves within the next few years, with the first shipments of gas planned through Egypt’s liquefied natural gas (LNG) facilities from 2028 onwards, Cypriot Energy Minister Michalis Damianos has said.
Speaking during a discussion on the future of energy in Southeast Europe and the Eastern Mediterranean at the 30th Annual Government Roundtable organized by The Economist in Athens on Thursday, Damianos said that the development of Cyprus’ offshore gas resources is progressing through the work of international energy companies, including Chevron, ExxonMobil, TotalEnergies and ENI.
“We are preparing for 2028, when our natural gas will be transported to Egypt for liquefaction. We believe that in the coming years we will be exporters of energy from our own reserves,” he said.
The Cypriot minister also pointed to plans for an electricity interconnection linking Cyprus with Greece and Israel, saying the project would allow the island to export electricity during daylight hours while making better use of its solar generation capacity.
