Eni signs key contracts for Cronos gas development in Cyprus
E•E•E•E•Eni signed engineering, construction and drilling contracts for the Cronos project, which reached a final investment decision on July 28, 2026. Production is targeted to start in the first half of 2028, with plateau output of 500 million cubic feet of gas daily.
Eni signed engineering, procurement, construction and drilling contracts for the Cronos gas development in Cyprus, launching its execution phase. The Block 6 project reached a final investment decision on July 28, 2026; Eni is the operator with a 50% interest alongside TotalEnergies.
Cronos holds estimated gas initially in place exceeding 3 trillion cubic feet, with plateau production targeted at 500 million standard cubic feet daily. Production is scheduled to start in the first half of 2028. Gas is expected to flow through existing Egyptian infrastructure for liquefaction at Damietta, targeting international markets, primarily Europe.
