Reserves Comparison
Overview
Discovery in Block 6 announced by Eni in August 2022; official 2025 estimate 3.1 tcf gas in place (~2–2.2 tcf recoverable base case). The most advanced Cyprus development: a subsea tieback via ~90 km pipeline to Egypt's Zohr facilities, then liquefaction at Damietta LNG for European export at ~5 bcm/yr. After the February 2025 Host Government Agreement and the October 2025 Limassol commercial deals, FID was pulled in March 2026 over liability terms but the development plan was approved by the Cyprus cabinet on 19 May 2026, with FID expected imminently. First gas is targeted for 2028.
Development Status
Field development plan approved, infrastructure under construction.
Wells
Consortium
Other Discoveries in Block 6
Located in
Technical Data
- Discovery
- 2022
- Water Depth
- 2,287m
- Reserves (Low)
- 2 tcf
- Reserves (High)
- 3.1 tcf
- Coordinates
- 33.53°N, 31.56°E
Related News
Cronos gets DPP approval on eve of elections
The Cyprus cabinet has finally approved, just days before crucial parliamentary elections, the development and production plan for the 3.1 tcf Cronos gas field, paving the way for partners Eni and TotalEnergies to take a final investment decision (FID) and first natural gas exports within two yea...
Cronos: first gas by 2028, says minister
Negotiations on Cronos are in their final stages with first gas expected by mid 2028, Energy Minister Michalis Damianou said on Wednesday. Speaking after chairing a meeting under Cyprus’ presidency of the Council of the EU, he added that while natural gas can support energy security in the short ...
Key Events
Eni, Egypt and Cyprus (with TotalEnergies) sign a Host Government Agreement in Cairo to develop Cronos (Block 6): gas wi...
infrastructureENI announces discovery at Cronos-1 well in Block 6, with preliminary estimates of 2.5 Tcf gas in place.
discovery