REG-TotalEnergies SE Cyprus: TotalEnergies Approves the Development of the Cronos Gas Field to Supply Europe with LNG
TotalEnergies and partner Eni approved the Final Investment Decision for the Cronos gas field in Cyprus Block 6, marking the region's first gas development. The project targets a production plateau of 500 Mcf/d (2.8 Mtpa) starting in 2028, with TotalEnergies marketing 50% of the LNG volumes via Egypt's Damietta terminal.
Key figures
- Tte share mtpa
- 1.4
- Subsea wells count
- 4
- Tte ownership percent
- 50
- Distance from coast km
- 185
- Production startup year
- 2028
- Cronos production plateau mtpa
- 2.8
- Lng portfolio target 2030 mtpa
- 60
- Cronos production plateau mcf d
- 500
AI analysis
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