Cyprus aims for natural gas exports by 2028 for EU supply

Cyprus is aiming to launch its first natural gas exports by 2028, a move that could significantly enhance energy security for the European Union. Energy Minister Michael Damianos indicated that the timeline for production has become increasingly critical as geopolitical instability in the Middle East threatens global energy corridors. Recent military actions, including strikes by the United States and Israel against Iran in late February, have caused significant disruptions in the Strait of Hormuz, through which approximately 20% of the world's oil flows.