Tuesday, 28 July 2026 · World
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EUROS The World Financial Report
Nº 17 Tuesday, 28 July 2026 · World Edition
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Commodities

Cyprus Launches First Gas Project with Eni and TotalEnergies Backing

Oilprice.com · 1h ago
Cyprus Launches First Gas Project with Eni and TotalEnergies Backing

Eni and TotalEnergies have taken the final investment decision to develop the Cronos gas field in deep waters offshore Cyprus, in the Mediterranean country’s first hydrocarbon development expected to bring first gas to market in 2028. The Cronos project, operated by Eni with a 50% stake, with partner TotalEnergies holding the other 50%, will bring to production the gas volumes from the Cronos field, in Block 6, which holds more than 3 trillion cubic feet (Tcf) of gas initially in place (GIIP), the European majors said on Tuesday. Production…

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