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Eastern Mediterranean Emerges as Key Player in Europe’s Hydrogen Supply Chain

by THEFUTURE.TEAM

Mathematical Forecasting Unveils New Energy Prospects

A recent analytical study by Frederick University’s H2Zero research unit has positioned the Eastern Mediterranean as a burgeoning hub for hydrogen production and export. The research, underpinned by advanced mathematical modeling, signals a major shift that could integrate the region firmly into Europe’s evolving energy landscape.

Cyprus: A Microcosm of Regional Transformation

The forecast projects that Cyprus will see its natural gas output rise from six billion cubic metres in 2026 to a peak of ten billion cubic metres by 2035. This increase is anticipated to facilitate the generation of over four billion kilogrammes of hydrogen via natural gas reforming by 2050, marking a significant stride towards a decarbonized energy system.

Strategic Investments and Regional Synergies

The study also highlights that the broader Eastern Mediterranean, with reserves totaling 2.399 trillion cubic metres, could sustain an annual hydrogen production capacity of up to 2.4 billion kilogrammes by 2041. Such capacity would firmly establish the region as a critical supplier for European markets. Recommendations include immediate investments in hydrogen infrastructure, coordinated regional strategies for natural gas extraction, and a gradual transition to green hydrogen beyond 2050.

Economic Impact and Policy Recommendations

Beyond energy security, the projected expansion could yield substantial economic benefits. The full-scale rollout of hydrogen initiatives in the region is estimated to generate annual export revenues between $15 billion and $25 billion, as well as create tens of thousands of jobs. These strategic moves are essential for balancing short-term revenues with long-term sustainability amid dynamic market and regulatory conditions.

Expert Perspectives on Energy Transition

Professor Andreas Poullikkas, head of the H2Zero Research Unit, emphasizes that with decisive policy measures, strategic investments, and robust regional collaboration, the Eastern Mediterranean can evolve into a cornerstone of Europe’s clean energy transition. His analysis reveals that coordinated regional efforts could amplify hydrogen production capabilities up to ten times compared to isolated national strategies, underscoring a transformative pathway for decarbonization.

Conclusion: Pioneering a Sustainable Future

The findings firmly establish the Eastern Mediterranean as not only a prospective energy powerhouse but also a model for sustainable innovation and economic growth. As Europe intensifies its search for reliable, low-carbon energy sources, the region is poised to play an instrumental role in shaping the future of global decarbonization efforts.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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