Video | Lens Upstream: Piecing together Cyprus' gas export deals with Egypt

Our recent report, Cyprus Gas Puzzle: Egypt Export Deals Agreed as Pieces Start to Fall into Place, explores the gas export agreements signed between Cyprus, Egypt and the Cronos and Aphrodite partners. Eni and TotalEnergies will transport Cronos gas to Egypt’s Damietta LNG facility for onward export to Europe, while Chevron, Shell, and NewMed Energy have signed an MoU to sell Aphrodite’s gas to EGAS for Egypt’s domestic market.

In this video, we dive into Wood Mackenzie’s Lens Upstream, a key tool in our Lens suite, to examine Cyprus’ role in East Mediterranean gas dynamics and assess how its assets fit into the Majors’ portfolios. We also visualise the LNG market impact of these deals and identify the key beneficiaries.

We’ll cover:

• Cyprus’ position in East Mediterranean gas dynamics
• The beneficiaries of the agreements
• Market implications of the export deals
• Whether Aphrodite is a priority for Chevron