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Market update 28 September 2026 — Cyprus

What moved recently in Cyprus — every item with source and date. Researched and checked by Zeynah.

The news

What happened

Cyprus

Cyprus and Israel aim to seal Aphrodite-Ishai gas deal by end of October

According to Energy Minister Michael Damianos, Cyprus and Israel will negotiate on the cross-border Aphrodite-Ishai gas reservoir in the first half of October. They aim to conclude by the end of October, and a final investment decision is expected in 2027.

Source: Cyprus Mail · dated

Context

What this means for procurement and projects

Derived from the items above — not a forecast.

An agreement is a prerequisite for the 2027 investment decision on the Chevron-operated Aphrodite field. Contracts for production facilities and pipelines could follow, so the talks are worth watching.

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