Cyprus Gas Set to Fuel EU as Early as 2028 Amid Ukraine Crisis

Cyprus' Energy Minister Michael Damianos says European consumers can expect natural gas from an undersea deposit off Cyprus to help meet their energy needs as early as March 2028. The East Mediterranean is fast becoming an alternative energy source for European nations due to Russia's war in Ukraine and upheaval in the Middle East.

The Cronos natural gas field, located off Cyprus' southern coast, will be developed by a partnership between TotalEnergies of France and Italy's Eni. The project will be the first time gas from east Mediterranean deposits is supplied to European markets.

'It's important for Europe at this time because of the war in Ukraine, because of this situation in the Middle East, that Cyprus is going to be an alternative source of gas,' Damianos said.