Europe is the natural destination for that gas that has yet to be tapped, Cyprus energy minister Natasa Pilides told Bloomberg in an interview this week.
Europe is racing to replace Russian natural gas, and Cyprus is looking to help.The European Union’s rush to replace Russian natural gas with alternative sources has turned the spotlight on various gas producers in both established producing regions and emerging ones. In Cyprus, it has made gas exploration a strategic priority.
Operated by Chevron and Shell, along with an Israeli company, NewMed Energy, the Aphrodite field will soon be getting one more exploration well and Chevron will by the end of the year present its final development plan for the field’s development to the Cypriot government. “Europe is a good potential customer for Cypriot gas as the EU has confirmed that natural gas will remain a bridge fuel up to 2049 as part of the green transition so companies now have the comfort of being able to secure long-term contracts,” PilidesThe official also noted the European Union’s intentions to stay on the course away from Russian gas whenever the Ukraine war ends, which would certainly foster a favorable environment for non-Russian gas suppliers to the continent., either.
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