Cyprus has signed contracts worth up to $1.8 billion with Italian energy provider Eni to develop the island's first commercial gas project. Production is slated for 2028, in partnership with France's TotalEnergies. The Cronos field is estimated to hold more than three trillion cubic feet of natural gas. Gas will be sent to Egypt for processing and liquefaction, then mainly exported to European markets. President Nikos Christodoulides called the deal a decisive step toward using the country's natural wealth.
Haralambos Kafkarides has formally presented his Letters of Credence to Governor-General Sam Mostyn at Government House in Canberra. The ceremony marked the start of his diplomatic duties as Cyprus's High Commissioner to Australia. Mostyn praised the Cypriot Australian community and Australia's long peacekeeping role in Cyprus through the United Nations. Kafkarides highlighted cooperation within the Commonwealth and support for reunification of the island. He also said preserving Cypriot culture and heritage would be a priority during his tenure.
Cyprus and Australia have held talks in Nicosia on strengthening economic and investment ties. The meeting, hosted by the Cyprus Chamber of Commerce and Industry, included Australia's High Commissioner to Cyprus, Emily Pugin. Participants discussed partnerships in investment, innovation, education, healthcare and technology. They also considered a future business mission to Australia to build direct contacts and identify trade opportunities. Cyprus was highlighted as a possible gateway for Australian firms seeking European and regional markets.
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Haralambos Kafkarides has commenced his role as Cyprus' High Commissioner to Australia, formally presenting his credentials to DFAT's Acting Deputy Secretary Natalie Cohen. The Greek Ambassador, Stavros Venizelos, extended a warm welcome, underscoring the strong bilateral ties between Greece and Cyprus. Kafkarides will focus on enhancing diplomatic relations and cooperation between Australia and Cyprus. The Greek Embassy emphasised the enduring and constructive partnership between the two nations within Australia. This appointment marks a significant step in fortifying the relationship between the Republic of Cyprus and Australia.
