Alpha News

Cyprus and Israel in Final Stage of 'Aphrodite-Isai' Gas Field Agreement

Published January 15, 2026, 14:32

Cyprus and Israel are in the final stages of formulating an intergovernmental agreement for the management of the 'Aphrodite-Isai' gas field. Sources indicate that the draft agreement, incorporating amendments from the Israeli side, has already been sent to Cyprus. An Israeli delegation is expected to arrive in Cyprus in January for intensive negotiations, aiming to finalize the agreement. This agreement is considered strategically important for both countries, as it concerns the exploitation of a significant energy resource in the Eastern Mediterranean. The process is progressing well and is expected to be completed soon.