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Market update 22 October 2026 — Energy, Copper, Water, Pipelines, Cyprus

What moved recently in Energy, Copper, Water, Pipelines, Cyprus — every item with source and date. Researched and checked by Zeynah.

The news

What happened

Energy

Great Sea Interconnector: completion now expected in January 2031

Polis Lemonaris, head of the Cypriot regulator Cera, told MPs that completion now looks like January 2031 instead of January 2030 and called the cited €1.9 billion unrealistic; of €302 million in expenditure claimed by Admie, Cera verified €82 million.

Source: Cyprus Mail · dated

Copper

BloombergNEF: copper deficit from 2028, $332 billion investment gap

The Transition Metals Outlook 2026 expects a copper deficit from 2028, growing to 20 million tons by 2050 (44% of projected demand); new mines would need $332 billion and take 17 years on average to become operational.

Source: BloombergNEF · dated

Water

Mazotos: 500 signatures against planned desalination plant

A campaign group has collected 500 signatures, is seeking a meeting with President Nikos Christodoulides and says the authorities are pressing ahead despite a pending court ruling.

Source: Cyprus Mail · dated

Pipelines

Germany: measures package for the hydrogen market with the core network as backbone

On 19 October, the BMWE under Minister Katherina Reiche presented a package with a dedicated hydrogen envelope in the carbon contracts for difference, support for blue hydrogen and an H2-ready requirement for new gas plants; the FNB Gas core network is presented as the backbone.

Source: Energynews.pro · dated

Cyprus

Turkey: no objection to GSI seabed surveys if notified in writing in advance

Foreign Minister Hakan Fidan said Turkey raises no objection to the surveys between Crete and Cyprus if it is notified in advance in writing with the planned actions and coordinates; Energy Minister Michael Damianos said the navtex would be issued before the end of October.

Source: Cyprus Mail · dated

Context

What this means for procurement and projects

Derived from the items above — not a forecast.

The delay and open cost question affect planning and procurement for cables, grid connection and storage in Cyprus up to 2031.

For cable and grid projects, the forecast points to longer-term copper scarcity, making early procurement and supply contracts more important.

The pending case is a timing and site risk for suppliers and planners of desalination capacity on Cyprus's south coast.

The package is meant to support hydrogen demand, on which utilisation and further build-out of the hydrogen core network depend; parts are subject to EU state aid approval.

Progress on the surveys is a precondition for route definition and later cable and construction contracts for the interconnector.

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