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[News Brief] Jul 29, morning | Eni and TotalEnergies Approve Development of Cyprus’s First Gas Field

Eni and TotalEnergies have approved the development of the Kronos gas field, marking Cyprus’s first commercial offshore gas project. Starting in 2028, the project is expected to supply volumes for LNG exports via Egypt.

[News Brief] Jul 29, morning | Eni and TotalEnergies Approve Development of Cyprus’s First Gas Field

Eni and TotalEnergies have approved the development of Cyprus’s first gas field.

The Kronos gas field is expected to supply volumes for liquefied natural gas (LNG) exports via Egypt starting in 2028.

This project marks the first case of Cyprus commercially developing its offshore gas resources in earnest.