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Cyprus Gas Hub Set to Launch by 2033 | San Antonio News
ExxonMobil and QatarEnergy are set to unlock massive natural gas reserves off Cyprus by 2033, tapping into the Glaucus and Pegasus fields—holding seven trillion cubic feet—with plans to pipe gas to Egypt for liquefaction and export, positioning Cyprus as a major European energy gateway. After confirming commercial viability, the companies opted for the Egypt pipeline route over costlier alternatives, leveraging existing Cyprus-Egypt agreements. This move is part of Cyprus’s long-term energy strategy, launched after 2011 discoveries, with ExxonMobil also eyeing expansion in other Cypriot…
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