Natural Gas in Cyprus: Choosing the Right Option

This paper examines the monetization options available to Cyprus for the significant resources of natural gas that have been discovered in its exclusive economic zone (EEZ). These options are analyzed against the background of the economic challenges facing the country following the financial and economic crisis. A number of the paper’s conclusions call into question widespread assumptions about the commercial viability of certain of these options. The goal is to contribute to the development of an energy strategy for Cyprus that will maximize the benefits for the country and contribute to its economic revival.