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Cyprus is taking bold steps to establish itself as a key player in the Eastern Mediterranean energy scene, President Nikos Christodoulides said Tuesday at the 13th Energy Symposium. Plans for new electricity interconnections and the first export of Cypriot natural gas are central to the island’s strategy to strengthen energy security and boost its regional influence.
Christodoulides highlighted Cyprus’ role in the “3+1” mechanism with Greece and the U.S., describing it as a clear signal that the country wants to be part of regional energy solutions, not just a bystander. “In an era where energy shapes alliances and strategic choices, Cyprus is positioning itself with those who offer solutions,” he said.
A key milestone is the projected first gas export in 2027 via the Kronos-Damietta infrastructure. The recent discovery of the Pegasus deposit brings Cyprus’ estimated gas reserves to around 20 trillion cubic feet. The president called the development “a significant step that will integrate Cyprus into Europe’s energy map.”
Cyprus is also moving forward on its electricity interconnection with Greece, updating the economic and technical parameters of the project in close consultation with Athens. Christodoulides described the interconnection as a “solid strategic choice” that will improve long-term energy supply security and link Cyprus more closely to Europe. Discussions with other neighboring countries about potential interconnections are also underway.
The island is attracting growing interest from energy companies in additional offshore plots. Christodoulides said he will travel to Lebanon on November 26 for meetings focused solely on energy cooperation.
Alongside gas and grid plans, the government is pushing a green energy transition. Renewable energy sources now account for 23% of Cyprus’ electricity, but the administration aims to increase this rapidly while protecting vulnerable households. Investments include €114 million for transmission and distribution upgrades, energy storage projects, and the creation of energy communities, with Tillyria serving as the pilot program. By 2026, the Tillyria model is expected to guide national energy policy.
Christodoulides framed Cyprus’ energy strategy around three pillars: careful planning, strong international partnerships, and strategic alliances. The goal is to ensure electricity sufficiency, reduce costs, and strengthen the country’s standing in the region. “It’s a big bet, and we are working to win,” he said.
*Source: CNA
