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Cyprus and Egypt Modify Gas Export Clause

Published January 8, 2026, 10:14
Cyprus and Egypt Modify Gas Export Clause

Cyprus and Egypt have agreed to modify the clause regarding the channeling of 20% of the natural gas production from the 'Cronus' deposit to Egypt. This modification is expected to facilitate the transfer of Cypriot natural gas. Optimism also exists regarding the resolution of issues concerning Block 12 and the commencement of production from the 'Aphrodite' deposit. The discussions took place within the framework of the Cypriot Presidency of the Council of the EU and the recent signing of an agreement for the exploitation of deposits in Cyprus's EEZ.