ExxonMobil says natural gas from two undersea deposits it discovered off Cyprus could begin flowing by 2033, according to comments by the company’s Vice President of Global Exploration, John Ardill. The deposits are part of ExxonMobil’s broader exploration and appraisal work in the eastern Mediterranean. ExxonMobil, together with its consortium partner QatarEnergy, considers developing the gas as the most likely pathway among available options, with the goal of turning Cyprus into a potential new supply source for European energy markets. The statements describe a long development timeline for moving gas from offshore fields to export infrastructure, contingent on decisions and regulatory and commercial steps that are not detailed in the reports. Coverage from multiple outlets attributes the timeline and production outlook to Ardill’s remarks and frames the project in terms of regional energy positioning rather than short-term production. No confirmed start date for production beyond the company’s “could” timeline is reported.
ExxonMobil says Cyprus natural gas exports could begin by 2033
ExxonMobil says natural gas from two undersea deposits it discovered off Cyprus could begin flowing by 2033, according to comments by the company’s Vice President of Global Exploration, John Ardill. T...
- ExxonMobil says two undersea gas deposits it discovered off Cyprus could start flowing by 2033.
- The timeline is based on comments by ExxonMobil Global Exploration Vice President John Ardill.
- ExxonMobil develops the deposits with consortium partner QatarEnergy.
- The project is presented as a potential step toward making Cyprus an additional gas supply source for Europe.
- The reports describe the development as a “most likely option,” without stating a final approval or confirmed start date.
NICOSIA, Cyprus (AP) — Natural gas could start flowing by 2033 out of two undersea deposits discovered by ExxonMobil off Cyprus, a senior executive with the company said Tuesday, helping to turn the east Mediterranean island nation into a new European energy hub. The largest U.S. oil company and its consortium partner, QatarEnergy, consider the most likely option for […]
1 month agoNatural gas could start flowing from two undersea deposits ExxonMobil discovered off Cyprus by 2033, the company's Vice President of Global Exploration John Ardill said, helping to turn the east Mediterranean island nation into a new European energy hub
1 month ago
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