Successful Drilling at Pegasus and Announcements on Natural Gas
July 6, 2025
The drilling at Pegasus by Exxon Mobil is successful, and announcements regarding the discovery of a new natural gas deposit are expected tomorrow. Energy Minister George Papathanasiou emphasized the importance of collaboration with other companies for the gas export to Egypt. He also highlighted the significance of geopolitical stability for Cyprus and the need for cooperation with Greece. Papathanasiou focused on the three pillars of Cyprus's energy program, including the electrical interconnection.