The decisions that settle Cypriot gas
land in the next 24 months

Three final investment decisions, one appraisal well and a licensing round — each one moves billions and reshapes the Eastern Mediterranean. One email every Monday tells you what happened, what it means, and what to watch. Five minutes, no filler.

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What you'll be first to read NEXT 24 MONTHS
LATE 2026
Pegasus appraisal drilling The drill bit that sizes the Block 10 hub between its 7 and 9 tcf bookends — and with it, the case for standalone Cyprus LNG.
LATE 2026 – 2027
Aphrodite final investment decision FEED has run since December 2025 and the Egyptian term sheet removed the last commercial blocker.
2027
Cronos FID and construction start The development plan was approved in May 2026; long-lead subsea orders would confirm the 2028 first-gas target and make Cronos Cyprus's first producing field.
2028
First Cypriot gas — Cronos start-up Ends the 17-year gap between discovery (2011) and production.
A real issue

Four sections.
Same four, every week.

No roundup of forty headlines you already saw. Every Monday: what actually moved, what it means, one number worth keeping, and what to watch next.

01
Milestones moved Every tracked decision that changed status, with the date it changed
02
What it means One analytical read, not a summary of somebody else's article
03
The number One figure from the dataset, with the context that makes it mean something
04
On the calendar What is scheduled next, so nothing lands on you unannounced
OilCyprus Weekly Brief
SAMPLE ISSUE
01 — MILESTONES MOVED
DONE Block 10 declared commercial — Cyprus, ExxonMobil and QatarEnergy signed on 30 June. Glaucus and Pegasus move into development.
AHEAD Cronos development plan approved — cabinet cleared the tie-back to Zohr in May. FID is the next gate.
02 — WHAT IT MEANS

Egypt is now the constraint, not the customer. With Leviathan's expansion contracted into the same Damietta and Idku capacity, Cypriot volumes are competing for liquefaction slots rather than waiting on infrastructure. That reframes the Block 10 export question: standalone Cypriot LNG stops being the expensive option and starts being the one that isn't queued behind Israel.

03 — THE NUMBER
17 years between Aphrodite's discovery and the first Cypriot gas now targeted for 2028 — longer than Zohr took from discovery to peak production.
04 — ON THE CALENDAR
Late 2026 Pegasus appraisal drilling
Late 2026 – 2027 Aphrodite final investment decision
Written and reviewed by Yuri Kan 5 min read

Written for people who have to be right about this

Analysts and investors

Reserve figures labelled by category — recoverable, contingent, gas-in-place — so nothing is silently summed into a headline number.

Journalists on deadline

Every claim traces to a ministry filing or operator disclosure, with the verification date attached. Quotable under CC BY 4.0.

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Independent of every operator and ministry in the story — which is exactly why the read is worth having.

Analysis is AI-assisted and reviewed by a named editor before it is sent. Corrections are published, not quietly edited.

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