Financial Mirror (Cyprus)

Cyprus to export natural gas by 2026

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Cyprus is targeting its first natural gas exports by 2026 from the Aphrodite gas field, Energy Minister Natasa Pilides said.

After a parliament­ary committee hearing, Pilides said there are many options concerning natural gas infrastruc­tures. One is a pipeline connecting Cypriot gas fields with Egypt, either a joint pipeline with Israeli gas fields or separately.

Pilides said there are advanced contacts with companies that own pipelines from various gas fields to the Egyptian natural gas infrastruc­ture and the contractor companies.

Therefore, they should also be engaged in the talks to develop the infrastruc­ture within the timeframe of three to four years.

“Our primary aim is to export natural gas from Cyprus within this timeframe through Aphrodite.”,

She said the developmen­t would be easier if additional confirmed natural gas quantities were discovered.

Cyprus’ first natural gas discovery, Aphrodite, is estimated to hold a gross reserve of between 3.6 to 6 trillion cubic feet (tcf).

Exploratio­ns carried out by Italy’s ENI in block 6 of the Cypriot EEZ revealed the extension of a Zhor-type carbonate play into Cyprus.

Exploratio­n carried out by ExxonMobil/Qatar Energy in the Glafcus field in Block 10 revealed an estimated gas field of 5 to 8 tcf.

US energy giant ExxonMobil also carried out an appraisal well in Glaucus but has not announced confirmed quantities yet.

“The results in Glafcus and other exploratio­n wells by ENI-TOTAL will be of great importance concerning the broader picture,” Pilides said.

She said the aim was to exploit Cypriot natural gas reserves as the EU is pursuing energy diversific­ation in the wake of Russia’s invasion of Ukraine and the ensuing sanctions against Moscow.

Moreover, Pilides said the option of a pipeline to Turkey is quite difficult, facing the same challenges as other projects of technical and financial difficulti­es.

She referred to the “very constructi­ve” virtual meeting with the EU Energy Commission­er last week, who requested Cyprus table its energy plans.

Cyprus has submitted a letter to the EU Commission­er outlining the opportunit­ies stemming from its gas reserves and ways to export natural gas to the EU, and Cyprus’ role in cooperatin­g with countries in the Eastern Mediterran­ean.

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