TotalEnergies, Eni greenlight Cyprus Cronos gas project, targets 2028 start-up

• TotalEnergies, Eni reached FID to develop Cyprus’ Cronos offshore gas field in Block 6, using four subsea wells.
• Gas will be piped to Egypt for liquefaction at the Damietta LNG terminal, targeting European LNG markets.
• Start-up targeted in 2028; plateau output seen at 500 million cubic feet per day, about 2.8 million tonnes per year of LNG.
• TotalEnergies will market 50% of LNG volumes, equivalent to 1.4 million tonnes per year.

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