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