Election blow to Cyprus gas prospects
The emergence of a new Turkish Cypriot leader with close ties to Ankara is likely to worsen offshore tensions
A mid-October election in the tiny self-declared state of Northern Cyprus—recognised only by Turkey—is not, in global terms, a major event. But the outcome could have a significant impact on the future of the island and the exploitation of hydrocarbons in Cypriot waters. The successful candidate and new president of the breakaway Turkish Republic of Northern Cyprus (TRNC), Ersin Tatar, is a nationalist with strong support from Turkey’s president Recep Tayyip Erdogan. Unlike Tatar’s predecessor, who backed the idea of Cyprus being reunified on a federal basis, the new incumbent favours a two-state solution. “We deserve our sovereignty and our independence,” he says. Overnight, one side in the
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny






