Cronos Gas Field Development Approved by TotalEnergies and Eni

TotalEnergies and Eni have taken the Final Investment Decision (FID) to develop the Cronos gas field in Cyprus's offshore Block 6.

The Cronos field will be developed through four subsea wells, with the gas transported by pipeline from Cypriot waters to Egypt for liquefaction at the Damietta LNG terminal before being exported to Europe.

Production start-up is expected in 2028, with a plateau of around 500 million cubic feet per day (Mcf/d), equivalent to around 2.8 million tons of LNG per year (Mtpa).