Filenews 3 November 2025
The report of "Fileleftheros" was confirmed, as Energean plc announced the signing of a Letter of Intent with the Cyfield Group, marking a new chapter of energy cooperation between Israel and Cyprus. The agreement concerns the possible supply of natural gas for Cyfield's future power plant in Mari, Larnaca, as part of a new underwater pipeline that will connect the two states.
Energean has already submitted a proposal to the governments of Cyprus and Israel for the creation of the pipeline, which will transport natural gas from Israel to Cyprus, enhancing interconnectivity and stability of supply in the Eastern Mediterranean. The pipeline will connect the floating production and storage unit "Energean Power", which operates in Israeli waters, with the energy infrastructure of Cyprus.
The implementation of the project is under the approval of the governments of Cyprus and Israel, while if it goes ahead, it is expected to be a key step for the energy integration of the region, offering Cyprus a new source of natural gas supply and strengthening energy security.
Energy and geostrategic importance
The planned Israel-Cyprus interconnection is estimated to will:
- It expands Cyprus' energy options, reducing its dependence on petroleum fuels.
- Promote cleaner electricity generation, supporting decarbonisation and the EU's climate targets.
- Stabilize energy costs and boost economic growth.
- Create a new energy corridor in the Eastern Mediterranean, strengthening transnational cooperation.
The initiative is estimated to bring strategic and environmental benefits for Cyprus, accelerating the transition to sustainable forms of energy and making the country an important link in the regional energy map.
Statements by officials
Israel's Minister of Energy and Infrastructure, Eli Cohen, described Israeli gas as a "strategic advantage" for the country, noting that its sale to Cyprus would strengthen Israel's international position and bring "stability, prosperity and significant state revenues".
Energean's CEO, Matthew Rigas, said the company is working "for the free market, competition and energy security", adding that the proposal "offers a practical and cost-effective solution to Cyprus' energy isolation".
For his part, the CEO of Cyfield Group, George Chrysochos, emphasized that the partnership with Energean "can transform the energy future of Cyprus", enabling "cleaner and more efficient electricity generation" and "reducing costs for consumers".
