Cyprus Initiates First Gas Development Project with Eni and TotalEnergies
Cyprus Initiates First Gas Development Project with Eni and TotalEnergies
Eni and TotalEnergies have finalized investment decisions to develop the Cronos gas field offshore Cyprus, marking the country’s inaugural hydrocarbon project.
The Cronos project, located in Block 6, is expected to commence gas production in 2028, with an estimated output of 500 million cubic feet per day, translating to approximately 2.8 million tons of LNG annually. The gas will be processed at existing facilities in Egypt and exported primarily to Europe, enhancing regional energy security and establishing Cyprus as a gas producer. This initiative aligns with broader efforts by Cyprus and Greece to become key gas hubs in the Eastern Mediterranean.
For journalistic integrity, this report was summarized from: oilprice.com
