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.
Ownership
Project Timeline
Export Route
Subsea tie-back to Egypt's existing Zohr production facilities, with the gas liquefied at Damietta LNG for export — the fastest and lowest-capex route available to any Cypriot field.
Frequently Asked Questions
When will Cronos start producing?
First gas is targeted around 2028, which would make Cronos the first producing gas field in the history of the Cyprus EEZ. The development plan was approved by the Cyprus cabinet on 19 May 2026.
How will Cronos gas reach markets?
Via Egypt: Cronos will be tied back subsea to the Zohr field's existing processing facilities, and the gas will be liquefied at the Damietta LNG plant for export to Europe and other markets.
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
Cyprus: TotalEnergies Approves the Development of the Cronos Gas Field to Supply Europe with LNG
TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision (FID) for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024. Located in deep offshore waters approximately 185 kilometers southwe...
Eni, TotalEnergies take final investment decision to link Cyprus’ Cronos gas field to Egypt
A consortium comprising Italy’s Eni and France’s TotalEnergies has taken the Final Investment Decision (FID) to develop the Cypriot “Cronos” gas field and connect it to Egyptian infrastructure, according to Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi. During a meeting with Pr...
Eni, TotalEnergies reach FID on Cyprus’ Cronos gas development
(World Oil) — Eni and TotalEnergies have reached a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, advancing the country’s first […]
TotalEnergies, Eni reach agreement to develop Cyprus’ Cronos gas field
TotalEnergies and Eni have jointly approved the development of the Cronos gas field in Cyprus offshore Block 6, following a FID.
Eni fast-tracks Cypriot gas project for 2028 first gas
Italian major Eni is pushing ahead with its Cronos project offshore Cyprus, with the first gas expected to be produced in 2028. Eni and its partner TotalEnergies have taken the final investment decision (FID) to develop the Cronos gas field, discovered in 2022 and successfully appraised in 2024. ...
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