5 Minute News

Christodoulides Meets ExxonMobil on Natural Gas in Cyprus's EEZ

January 23, 2026

The amount of natural gas in block 10 of Cyprus's EEZ is estimated to be between 6-9 trillion cubic feet. President Nikos Christodoulides met with ExxonMobil's Vice President John Ardil to discuss future relations. The President highlighted the importance of ExxonMobil's activities in Cyprus's EEZ. Ardil indicated that their operations in the 'Pegasus' field have been successful and expressed a desire to move forward with gas production. The government is open to discussing additional blocks.