Kronos gas development: A viable project for companies — but will Cyprus benefit?
Cyprus has officially approved the development plan for the Kronos gas field in Block 6, spearheaded by the ENI-TotalEnergies consortium. This landmark decision paves the way for the rapid commercialization of Cypriot gas, utilizing a subsea tie-back to existing Egyptian infrastructure for liquefaction and export.
Cyprus Mail · May 23, 2026
Cronos gets DPP approval on eve of elections
The Cypriot government has formally endorsed the development and production blueprint for the significant Cronos gas discovery, a crucial step enabling consortium partners Eni and TotalEnergies to proceed towards a final investment decision. This approval, strategically timed before national elections, signals a clear path for monetizing the 3.1 trillion cubic feet field and initiating gas exports.
Financial Mirror · May 23, 2026