Eni takes FID on Cyprus Cronos gas project, targets first output in 2028

Reuters2026/07/28 06:13

By:Reuters

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Eni took final investment decision to develop Cyprus’ Cronos gas project, targeting first gas to market in 2028.
Cronos in Block 6 holds more than 3 Tcf of gas initially in place; output seen plateauing at 500 mmscf/d.
Gas will flow to Egypt for processing at Zohr facilities, then liquefaction at Damietta for LNG exports, mainly to Europe.
Eni will market 50% of LNG volumes, equal to 1.4 MTPA, supporting its goal to exceed 20 MTPA of contracted LNG by 2030.
Block 6 is operated by Eni with a 50% stake; TotalEnergies is the partner.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eni S.p.A. published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Eni takes FID on Cyprus Cronos gas project, targets first output in 2028

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