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ExxonMobil and partner Qatar Energy find new natural gas deposit off Cyprus

  • ExxonMobil and Qatar Energy International have made a second natural gas discovery south of Cyprus, according to the Cypriot government.
  • The discovery strengthens the region's potential as an energy exporter and could help Europe reduce dependence on Russian hydrocarbons.
  • Cypriot government spokesman Konstantinos Letymbiotis reported that ExxonMobil's vice president informed President Nikos Christodoulides about the find during a teleconference.
  • Cyprus’ Energy Minister George Panastasiou mentioned potential partnerships among ExxonMobil, Eni, and Total to develop nearby gas deposits.
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ExxonMobil and partner Qatar Energy find new natural gas deposit off Cyprus

Cyprus says a consortium made up of ExxonMobil and partner Qatar Energy International have made a second natural gas discovery beneath the seabed south of the east Mediterranean island nation where it’s licensed to explore for hydrocarbons.

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famagusta-gazette.com broke the news in on Monday, July 7, 2025.
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