5 Minute News

Christodoulides and ExxonMobil Meeting on Natural Gas Field Development

September 24, 2026

Nicosia is focusing on the exploitation of the 'Glaucus' and 'Pegasus' gas fields following their declaration as commercially viable. President Christodoulides met with ExxonMobil's Vice President, John Ardill, in New York to discuss the next steps. The Cypriot government aims to accelerate the development processes for these fields. Utilizing these resources is a priority for Cyprus's energy strategy. Collaboration with ExxonMobil is crucial for achieving these goals.