Energy · 36 views
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.
AI Summary
Cyprus has initiated its first gas project, a significant development in the country's energy sector. The project, operated by Eni, involves the development of the Cronos gas field in deep waters offshore Cyprus. Eni holds a 50% stake in the project, with TotalEnergies holding the remaining 50%. The Cronos field, located in Block 6, is expected to produce gas volumes, with the project aiming to bring first gas to market in 2028.
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