Cyprus Unleashes $1.8 Billion Gas Project: Cronos Set to Transform Eastern Mediterranean Energy by 2028
Cyprus is entering a new era of natural gas development as Eni and TotalEnergies advance the Cronos offshore field toward commercial production. With contracts worth up to $1.8 billion, a planned production launch in the first half of 2028 and LNG exports through Egypt, the project could strengthen Europe's energy diversification and reshape the Eastern Mediterranean's geopolitical landscape.