ExxonMobil and QatarEnergy declare Glaucus and Pegasus gas fields commercially viable
ExxonMobil and QatarEnergy have officially declared the Glaucus and Pegasus natural gas discoveries in Cyprus's Block 10 as commercially viable, a critical milestone that paves the way for their eventual development and exploitation. This declaration, confirmed by the Cypriot Energy Minister, signifies the consortium's confidence in the fields' economic potential and marketability, moving them closer to a Final Investment Decision.
In-Cyprus · April 4, 2026
Pegasus’ gas find declared commercially viable, minister says
The Cypriot Energy Minister has officially confirmed the commercial viability of the Pegasus natural gas discovery in offshore Block 10, following a formal declaration by the ExxonMobil and QatarEnergy consortium. This critical step signifies the field's economic potential and moves it closer to potential development, reinforcing Cyprus's emerging role in regional energy supply.
Cyprus Mail · April 3, 2026