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Italy’s Eni and France’s TotalEnergies have taken a final investment decision on the deepwater Cronos gas field off Cyprus, targeting first gas in 2028. Initial Proven reserves exceed 3 tcf and plateau output is expected around 0.5 bcf/d. Produced ga

2026-07-28

Italy’s Eni and France’s TotalEnergies have taken a final investment decision on the deepwater Cronos gas field off Cyprus, targeting first gas in 2028. Initial Proven reserves exceed 3 tcf and plateau output is expected around 0.5 bcf/d. Produced gas will be piped to Egypt and liquefied at the Damietta LNG plant for delivery to European markets. Companies said the move advances supply diversification amid Middle East disruptions and Europe’s efforts to reduce reliance on Russian gas.

Other News
2026-07-28

UK July BRC shop price index slowed to 0.9% YoY from 1.2%.

UK July BRC shop price index slowed to 0.9% YoY from 1.2%.
2026-07-28

CEO of Italian multinational oilfield services company Saipan: We still see many business opportunities in the Middle East, both offshore and onshore.

CEO of Italian multinational oilfield services company Saipan: We still see many business opportunities in the Middle East, both offshore and onshore.
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