Eni and partner TotalEnergies have launched the execution phase of the Cronos gas project in Block 6 offshore Cyprus. [2, 3, 4] At a ceremony marking the launch, Eni COO Guido Brusco said the project could provide a platform for future regional developments and help strengthen Europe’s energy security amid growing supply concerns. [7, 12]
The launch follows a final investment decision in July 2026. [3, 4] The partners have signed key engineering, construction and drilling contracts. [3, 4]
The Cronos field holds an estimated three trillion cubic feet of gas. [2, 3] Production is expected to begin in the first half of 2028. [2, 3] The gas will be transported to Egypt for processing and liquefaction, then exported primarily to European markets. [4, 5]