Cypriot Natural Gas Sale to Egypt Set for November Finalization

by THEFUTURE.TEAM

November 3, 2025

November Agreement Marks a Strategic Turn

Cypriot natural gas from the Kronos field is slated to be sold via Egyptian infrastructure, with the agreement anticipated to be sealed in November, as confirmed by Energy Minister George Papanastasiou. The deal highlights a critical move in the region’s energy dynamics, underscoring the growing cooperation between Cyprus and Egypt.

Investment Decisiveness: Kronos Field

Speaking before the Parliament last Friday, Minister Papanastasiou indicated that the final investment decision for the development of the Kronos field is expected by year-end or in early next year. The decision will be undertaken by the consortium of ENI and Total, reflecting the strategic importance and robust investor confidence in the resource.

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Robust Commercial Framework and Infrastructure Integration

The minister elaborated on commercial agreements already in place for exploiting the Kronos field located in Block 6 of Cyprus’ Exclusive Economic Zone. This framework involves significant stakeholders, including the national authorities of Cyprus and Egypt, investors ENI and Total/Energies, and three Egyptian infrastructure owners. These recent agreements pave the way for channeling natural gas from the Kronos field through the Zohr field infrastructure for liquefaction in Egypt—a critical step for accessing global markets.

Looking Ahead: Aphrodite Field Milestones

On a related note, outlining developments for the Aphrodite field, Minister Papanastasiou noted that the final investment decision is set for the end of next year, with the Front-End Engineering Design (FEED) scheduled to conclude by the end of 2026. With a finalized development and production plan agreed upon since February 2025, ongoing seabed surveys—expected to be completed by mid-November—will determine the routing for the pipeline connecting the field to Egyptian facilities.

This series of decisions and partnerships not only cements the region’s role in the global energy supply chain but also presents a clear roadmap for enhancing infrastructure and investment in natural gas ventures.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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