European consumers can expect natural gas from an undersea deposit off Cyprus to help meet their energy needs as early as March 2028, the island nation’s energy minister said.
Michael Damianos said the East Mediterranean is fast becoming an alternative energy source for European nations as Russia’s war in Ukraine and upheaval in the Middle East compel the continent to seek out new sources.
Damianos said partners TotalEnergies of France and Italy’s Eni made a final decision last month to proceed with developing the Cronos natural gas field off Cyprus’ southern coast.
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 told AP in an exclusive interview Friday.
According to the Eni-TotalEnergies consortium timetable, work on a pipeline from Cronos to existing infrastructure at Egypt’s massive Zohr natural gas deposit 105 kilometres (65 miles) away will begin later this year and take up to 18 months to complete.
