Cyprus will begin supplying gas to Europe in 2028 – AP
European consumers will be able to receive natural gas from the Cronos offshore field off the coast of Cyprus as early as March 2028, according to the country’s Energy Minister, Michalis Damianos. The field, whose reserves are estimated at over 3 trillion cubic feet, will be developed by TotalEnergies and Eni.
The project involves building a pipeline from the Cronos field to existing infrastructure near Egypt’s Zohr field. Construction is scheduled to begin in late 2026 and is expected to take up to 18 months.
The gas will be transported to Egypt, where it will be liquefied for further delivery by sea to Europe. The cost of this route is estimated at approximately $2 billion. Under the agreement, the entire volume of gas produced will be directed to European markets, which will help the EU further reduce its dependence on Russian fuel.
This was stated by the country’s Energy Minister, Michalis Damianos, in an interview with the AP.
Europe may face a serious diesel fuel shortage this winter due to the combined effects of the war in the Middle East, damage to oil refining facilities in the Persian Gulf countries, and Ukrainian strikes on Russian refineries.
As of August 8, 2026, the largest gas station chains in Ukraine had not changed fuel prices compared to the previous day. At the same time, the average cost of major fuel types remains high.
