TotalEnergies and Eni Greenlight Cronos Gas Field Development

TotalEnergies and Eni have taken the final investment decision to develop the Cronos gas field in Cyprus, which is expected to start production in 2028.

The Cronos field is located approximately 185 km southwest of the coast of Cyprus and will be developed through four subsea wells. The gas will be transported and processed in existing Zohr facilities in Egypt, then transferred and liquefied in Damietta LNG plant for export as LNG to international markets.

TotalEnergies and Eni are partners in Cyprus offshore Block 6, with Eni holding a 50% interest and TotalEnergies as partner. The project marks an important milestone in the expansion of Eni's global LNG portfolio, enabling the restart of the Damietta LNG plant and restoring structural LNG exports from Egypt.