Cyprus to Become Gas Producer as TotalEnergies and Eni Approve Cronos Field

TotalEnergies and Eni have greenlit the Cronos gas field development in Cyprus's offshore Block 6, paving the way for the country's first natural gas output and exports to Europe via Egypt.

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TotalEnergies and Eni have given the final go-ahead for the Cronos gas field development, a milestone that will turn Cyprus into a natural gas producer for the first time. The partners, each holding a 50% stake and with Eni acting as operator, made the final investment decision (FID) for the project located in Cyprus's offshore Block 6.

The Cronos field was first identified in 2022 and underwent successful appraisal drilling in 2024. With the FID now secured, development work can proceed toward first gas production.

Gas from Cronos is slated for export to European markets as liquefied natural gas (LNG). The plan relies on existing liquefaction and export facilities in Egypt, a well-established regional hub, to process and ship the fuel.

The project marks a significant step for Cyprus, which until now has had no domestic gas output. It also adds a new source of supply for Europe, which has been seeking to diversify its energy imports following recent geopolitical shifts.