When is gas export from Cyprus expected to start?

Exports are expected to begin around 2033.

Who are the partners in this project?

The partners are ExxonMobil and QatarEnergy.

What is the investment value of the project?

The total investment has not been disclosed, but it is described as a multi-billion dollar development.

ExxonMobil Plans Cyprus Gas Exports with QatarEnergy

ExxonMobil (NYSE: XOM) has confirmed plans to develop major natural gas discoveries off the coast of Cyprus in partnership with QatarEnergy, aiming to start exports around 2033 via pipelines connecting to existing Egyptian LNG facilities.

June 30, 2026

2 min read

Source: Simply Wall St.

Key Numbers

export start year

2033

ExxonMobil (NYSE: XOM) has announced plans to develop significant natural gas discoveries off the coast of Cyprus, in partnership with QatarEnergy. The multi-billion dollar project aims to begin gas exports around 2033 via pipelines connecting to existing Egyptian LNG facilities.

Project Details

ExxonMobil and QatarEnergy intend to develop the newly discovered gas fields in Cypriot waters. The fields will be linked to Egyptian liquefaction plants via pipelines, allowing the gas to be liquefied and exported to global markets. Total investment and partner stakes have not been disclosed.

Context

ExxonMobil is a major integrated energy company with operations in oil, natural gas, and chemicals. The plans follow significant gas discoveries in the Eastern Mediterranean, positioning Cyprus as a potential energy hub.

What This Means for Investors

The project offers ExxonMobil an opportunity to expand its natural gas portfolio amid growing global energy demand. However, the project is still in early stages, with risks related to timeline, regulatory approvals, and development costs.

Frequently Asked Questions

ExxonMobil, in partnership with QatarEnergy, plans to develop natural gas discoveries off Cyprus and export gas via pipelines to Egypt.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.