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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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A consortium formed by ExxonMobil and Qatar Energy International has made a second discovery of natural gas in southern Cyprus. This finding strengthens the region’s energy potential, according to the Cypriot government on Monday. As early as 2019, this team had discovered the Glaucus-1 well in Block 10, where the new discovery, Pegasus-1, is now located, about 190 kilometers south-west of Cyprus. More explorations are underway to assess the tot…

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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.

·United States
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A consortium of companies including ExxonMobil and partner Qatar Energy International has discovered a new natural gas field under the seabed south of Cyprus, the country's government said on Monday.

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