Cyprus signs $1.8 billion contract with Eni and TotalEnergies to develop the Cronos gas field
Italy's Eni and France's TotalEnergies signed contracts worth up to $1.8 billion to develop the Cronos field in Cyprus's exclusive economic zone. Gas production is expected to begin in the first half of 2028, with exports planned to European markets via Egypt's infrastructure, primarily the Damietta LNG plant.
Otabek Yusupov