Christodoulides eyes April deal with ENI and Total for 2027 gas production
President Christodoulides has publicly declared an ambitious goal to secure an agreement with ENI and TotalEnergies by April, targeting initial natural gas production from Cyprus's offshore fields by 2027. This statement highlights the government's intensified commitment to expedite the commercialization of its hydrocarbon reserves and position Cyprus as a key energy player.
Cyprus Mail · April 8, 2026
Eni Exits Consortium for Oil and Gas Exploration Offshore Israel
Italian energy major Eni has opted to withdraw from a consortium bidding for new offshore natural gas exploration licenses in Israel. This decision suggests a strategic re-evaluation of its East Mediterranean portfolio, potentially signaling a shift towards concentrating capital on existing, more advanced development projects rather than pursuing new, early-stage exploration ventures in the region.
Offshore Engineer · March 27, 2026