Cyprus Accelerates Natural Gas Strategy With ExxonMobil Partnership

by THEFUTURE.TEAM

January 25, 2026

Advancing Offshore Energy Capabilities

Cyprus is set to bolster its position as a key player in offshore energy with plans to intensify natural gas drilling in blocks 5 and 10. In a strategic meeting at the Presidential Palace, President Nikos Christodoulides discussed future drilling programs and an expanded collaboration with ExxonMobil, signaling a robust drive towards energy development and self-sufficiency.

Substantial Reserves And Refining Estimates

During the high-level meeting, President Christodoulides emphasized that gas reserves in the Glaucus and Pegasus deposits of block 10 may range between 6 and 9 trillion cubic feet. ExxonMobil Vice President John Ardill explained that further drilling on the Pegasus field will narrow these estimates. “We have sufficient quantities to move forward with development,” Ardill stated, highlighting the potential for significant returns.

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Deepening Strategic Partnerships

The fruitful partnership between the Cypriot government and ExxonMobil has already marked significant milestones. From the initial discovery of the Glaucus field in 2019 to confirming substantial reserves in the Pegasus field in 2025, both parties are now focused on comprehensive assessments to guide future development strategies.

Steps Toward Commercial Viability

At the forefront of the discussion was ExxonMobil’s plan to secure a Declaration of Marketability by the first half of the upcoming year, laying the groundwork for definitive engineering designs and a final investment decision. If current projections hold, commercial production could commence between 2030 and 2035, positioning Cyprus as a significant contributor to regional energy markets and aiding in the mitigation of energy costs.

With renewed drilling activities resuming in January 2025 after a prolonged pause, Cyprus and ExxonMobil are forging a pathway that could reshape the island’s energy landscape through diligent planning, technical excellence, and strategic global partnerships.

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Cyprus And Greece Outline Joint Tourism Plans For Summer 2026

by THEFUTURE.TEAM

May 1, 2026

Strategic Partnership Enhances Tourism Prospects

The Cyprus Tourism Authority (EOT Cyprus) presented proposals for summer 2026 focused on strengthening tourism cooperation between Cyprus and Greece, with joint efforts aimed at attracting visitors from long-haul markets.

Greece: The Top Destination For Cypriot Travelers

At an event on April 28, Athena Spakouri, Director of EOT Cyprus, said Greece is expected to remain the main travel destination for Cypriot residents, with plans extending beyond established locations to include lesser-known regions. This approach reflects a broader effort to diversify travel options while maintaining strong demand between the two countries.

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Complementary Destinations, Unified Vision

Building on this, Spakouri noted that Cyprus and Greece offer complementary tourism experiences rather than competing directly. Joint programmes are therefore being positioned to attract visitors from markets such as the United States and China, while tourism activity continues to be assessed in the context of broader geopolitical developments.

Robust Air And Sea Connectivity

Supporting this cooperation, Konstantinos Kollias said around 600,000 Cypriots travelled to Greece in 2025. Frequent flights, short travel times, and ferry connections between Limassol and Piraeus continue to facilitate movement between the two countries and sustain travel flows.

Diverse Tourism Offerings for a New Era

Konstantinos Kollias highlighted that Greece’s tourism portfolio spans from traditional seaside holidays to sectors such as cultural, religious, gastronomic, agritourism, ecotourism, spa, conference, and medical tourism.

This range reflects the expansion of tourism offerings across different segments and travel preferences. In parallel, Joseph Iosif referred to Greece as a “second homeland” for Cypriot travellers, pointing to longstanding cultural and travel links between the two countries.

Innovative Programs And Strengthened Connections

Building on this approach, the EOT strategy includes initiatives focused on gastronomic routes, cultural trails, thematic and religious tourism, as well as curated city breaks in destinations such as Athens and Thessaloniki. These programmes were presented at the event alongside references to historical, cultural, and religious connections between Cyprus and Greece, including remarks from Bishop Gregorios of Mesaoria.

Boosting Air Connectivity And Island Accessibility

At the same time, airlines including Aegean Airlines, Sky Express, and Cyprus Airways outlined plans to expand connections between Cyprus and Greece, with a focus on increasing access to island destinations. The event also brought together stakeholders from the Deputy Ministry of Tourism, Hermes Airports, tour operators, and ACTAA, reflecting coordination across different parts of the tourism sector.

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