Cyprus Gas Discoveries Boosted by EU’s Shift From Russia Supplies

The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said.

“Europe is a good potential customer for Cypriot gas as the EU has confirmed that natural gas will remain a bridge fuel up to 2049 as part of the green transition so companies now have the comfort of being able to secure long-term contracts,” Natasa Pilides said in an interview in Nicosia. There is also “the EU’s intention to move away from Russia regardless of when the war in Ukraine finishes,” she said.