Abstract

European Union ('the EU' or 'the Union') is braced for a 'cold winter'. The natural gas price soars, putting pressure on the households and on the government budgets. Can the Republic of Cyprus ('the Republic' or 'Cyprus'), play a role to ease the energy crisis in EU?

Significant quantities of natural gas have already been discovered in the Exclusive Economic Zone ('the EEZ') of the Republic of Cyprus, with the latest discovery taking place recently. This paper lays down the Republic's maritime sovereign rights and the growing gas prospects for the Republic. This paper favours the commercial unitisation of the gas deposits in the Republic's EEZ to excuse the construction of LNG plant. It urges Cyprus to bring to Brussels the prospect of producing Cyprus Gas through this pathway. The ultimate production of Cyprus Gas will scale up Europe's indigenous Gas production bolstering security of energy.