Eni and TotalEnergies Give Green Light for Cyprus' Cronos Gas Project
20 Articles
20 Articles
In partnership with Italian company Eni, the French company will exploit a deposit located off the island. An investment that must contribute to strengthening European energy sovereignty.
Cyprus hails ‘historic milestone’ as Kronos gas field moves to development
Energy Minister Michael Damianos on Tuesday described the consortium’s final investment decision to develop the Kronos natural gas field in Block 6 of Cyprus’ exclusive economic zone (EEZ) as a “historic milestone” for Cyprus, saying it marks the country’s entry into the commercial exploitation of its offshore gas reserves. Damianos congratulated Eni and TotalEnergies on […]
The Italian Eni and the French TotalEnergies plan to develop a gas field in Cyprus, advancing with the offshore project at the moment when the conflict in the Middle East leads companies to explore other opportunities. Exclusive material for subscribers. To have full access, access the link of the subject and make your registration.
Cyprus is entering the era of natural gas production and export for the first time, as Eni took the final investment decision for the development of the "Kronos" field in block 6 of the Cypriot EEZ.
Eni has reached the Final Investment Decision (FID) for the development of the Cronos project, located in deep offshore waters of Cyprus, with the aim of bringing the first Cypriot gas to the market in 2028. (ANSA)
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