Europe is facing a structural gas shortage, emphasizing the need to reassess energy strategies for enhanced security of supply and competitiveness. The goal of reducing carbon emissions to net zero by 2050 drives the shift towards renewables while acknowledging the importance of gas as a transitional fuel. The EU is accelerating the diversification of energy supplies, aiming to increase gas supplies from trusted partners alongside renewable sources. The approval of the Aphrodite gas project in Cyprus marks a significant milestone, with estimated resources of 127 bcm. This project will boost local gas production and create revenue while strengthening energy security in Europe and the Mediterranean. Cyprus plans to leverage major oil and gas companies in the region to establish a sustainable gas market that could potentially supply the EU with hydrogen in the long term. The project aligns with the EU's decarbonisation goals and is seen as a positive step towards energy security and economic growth in the region. By connecting gas fields via pipelines to a liquefaction plant in Cyprus, the project aims to provide an alternative energy corridor to Europe.