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In Cyprus, where we are present with seven exploration licenses, the significant gas discoveries we have made have laid the foundations for the further development of the offshore fields. Our activities in the country guarantee the supply of gas to the eastern Mediterranean area and enable us to pursue our energy diversification strategy and ensure certainty of supplies.
Activity start date: 2013 – present
Oil & GasOur presence in Cyprus is connected with important gas discoveries off the coast of the island, the result of an effective exploration strategy combined with the application of proprietary geophysical technologies. The discovery of these fields has enabled us to continue supplying gas to Europe, in collaboration with Egypt, which handles the processing of gas extracted from the Cronos field at the Zohr infrastructure and its liquefaction at the LNG plant in Damietta.
As part of an approach that combines business with the development of local commerce, funds are made available for the teaching and training of the workforce and young local graduates to help foster equal and sustainable access to energy (SDG 4).
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