Cyprus News

 

Exxon Mobil Discovers Natural Gas Reserve Offshore Cyprus

Jul 07, 2025

A consortium led by ExxonMobil has found a reservoir of natural gas at a prospect off the island's coast, a Cypriot government spokesperson said on Monday.Drilling resulted in preliminary indications of 350 metres of a gas-bearing reservoir at a depth of 1.9 kilometres (1.2 miles) in the Pegasus-1 well, spokesperson Konstantinos Letymbiotis said.'Further assessment will be required in the coming months to evaluate the results…

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