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Cyprus: Cronos contracts launch gas project’s execution phase

This dossier follows development of Cyprus’s Cronos gas field, contracts, regional infrastructure and steps towards commercial production.

Last updated : 1 key moments
Palazzo Eni and the EUR lake in Rome, May 2012. Company illustration; the photograph does not show the Cronos field.
Palazzo Eni and the EUR lake in Rome, May 2012. Company illustration; the photograph does not show the Cronos field. — Nicholas Gemini / Wikimedia Commons — CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/ — archives du 7 mai 2012, sans modification.

Where things stand

As of 26 October 2026, the main contracts have been signed and execution has begun. Eni targets start-up in the first half of 2028; production has not been established at this stage.

Confirmed

Cyprus: Cronos contracts launch gas project’s execution phase

Eni signed the main contracts for the Cronos gas project offshore Cyprus on 26 October. The ceremony in Nicosia marked the start of the execution phase, rather than an immediate start to production.

Palazzo Eni and the EUR lake in Rome, May 2012. Company illustration; the photograph does not show the Cronos field.
Palazzo Eni and the EUR lake in Rome, May 2012. Company illustration; the photograph does not show the Cronos field. — Nicholas Gemini / Wikimedia Commons — CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/ — archives du 7 mai 2012, sans modification.

The contracts cover engineering, construction, subsea equipment and drilling services, among other work. Eni operates Block 6 with a 50% interest alongside TotalEnergies.

The company expects start-up in the first half of 2028 and targets a production plateau of about 500 million standard cubic feet of gas per day. These figures describe industrial objectives, not output already achieved.

Gas is to be transported to Egypt, processed through existing facilities and liquefied at Damietta for export, primarily to Europe. The development therefore relies on regional energy cooperation and the use of infrastructure already available.

Sources 3