On 19 May Cyprus approved the ‘Development and Production Plan’ of the Cronos gasfield in block 6 by the ENI-TotalEnergies consortium. This focuses on a fast-track, subsea tie-back to the existing Zohr and Egyptian gas infrastructure, to be liquefied at the Damietta LNG plant for export. The estimated 3 trillion cubic feet (tcf) Cronos is planned to supply natural gas to Damietta by 2028
The planned development of Cronos marks a significant step for the country’s upstream ambitions. Yet beneath the headline of “first-gas” lies a much more
