What a new natural gas discovery off Cyprus means for the East Med
This week it was announced that Italy’s ENI and France’s Total are expediting plans to develop hydrocarbons off the coast of Cyprus following the discovery of another natural gas field, Zeus-1. This newest discovery “reaffirms the promising potential” of the East Med at a time when Europe is looking for alternatives to Russian gas. At the same time, Nicosia is also considering a proposal for a pipeline that would bring natural gas from Israel to Cyprus. Dr. Theodoros Tsakiris, an Associate Professor for Geopolitics and Energy Policy at the University of Nicosia, joins Thanos Davelis to explain why these latest developments are significant, and look at what they mean for Cyprus’s role in the energy puzzle of the Eastern Mediterranean.
You can read the articles we discuss on our podcast here:
Eni, Total announce sizeable new gas discovery off Cyprus
Cyprus: Plant to process Israeli gas for export an option
Greece to double subsidy on energy bills to 840 mln euros in January