How this figure compares
bars are quoted figures — the categories beside them are not interchangeableA 2C contingent resource, a gas-in-place figure and a two-field hub estimate measure different things and are never summed here. What each category means →
Overview
Discovery in Block 6 announced by Eni in August 2022; official 2025 estimate 3.1 tcf gas in place (~2–2.2 tcf recoverable base case). The most advanced Cyprus development: a subsea tieback via ~90 km pipeline to Egypt's Zohr facilities, then liquefaction at Damietta LNG for European export at ~5 bcm/yr. After the February 2025 Host Government Agreement and the October 2025 Limassol commercial deals, FID was pulled in March 2026 over liability terms but the development plan was approved by the Cyprus cabinet on 19 May 2026, with FID expected imminently. First gas is targeted for 2028.
Development Status
Field development plan approved, infrastructure under construction.
Ownership
Project Timeline
Export Route
Subsea tie-back to Egypt's existing Zohr production facilities, with the gas liquefied at Damietta LNG for export — the fastest and lowest-capex route available to any Cypriot field.
Frequently Asked Questions
When will Cronos start producing?
First gas is targeted around 2028, which would make Cronos the first producing gas field in the history of the Cyprus EEZ. The development plan was approved by the Cyprus cabinet on 19 May 2026.
How will Cronos gas reach markets?
Via Egypt: Cronos will be tied back subsea to the Zohr field's existing processing facilities, and the gas will be liquefied at the Damietta LNG plant for export to Europe and other markets.
Wells
Consortium
Other Discoveries in Block 6
Located in
Technical Data
- Discovery
- 2022
- Water Depth
- 2,287m
- Resource
- 3.1 tcf Gas in place
- Coordinates
- 33.53°N, 31.56°E
Related News
History doesn’t stand still, and neither can Europe, Italian Ambassador says
Italy’s Ambassador to Cyprus, Antonella Cavallari, has downplayed the risk of Turkish interference in the Cronos gas field, which is about to start operating in Cypriot waters. Speaking to Phileleftheros, she also discussed the strategic framework Italy and Cyprus are drawing up, European defence...
Eni adds Halliburton to Cronos contractor lineup
Houston-headquartered energy services giant Halliburton has won a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development off Cyprus. Under the contract, Halliburton will deliver integrated drilling, well construction, automation, and completions ser...
Halliburton wins well services contract for Eni’s Cronos project
Halliburton has been awarded a contract by Eni to provide a bundled package of well construction and completions services for the Cronos project offshore Cyprus.
Egypt, Greece and Cyprus back plans to bring Cypriot gas to Europe
Cyprus’ Cronos gas is expected to reach European markets via Egypt from 2028, with Greece offering an onward route into southeastern and central Europe. The three countries renewed their backing for the plan at their El Alamein summit. Egypt, Greece and Cyprus have renewed their backing for plans...
McDermott Wins Contract for Eni's Cronos Project offshore Cyprus
The Houston-based company received a 'substantial' contract from Eni for Cyprus' first hydrocarbon development.
Key Events
Eni, Egypt and Cyprus (with TotalEnergies) sign a Host Government Agreement in Cairo to develop Cronos (Block 6): gas wi...
infrastructureENI announces discovery at Cronos-1 well in Block 6, with preliminary estimates of 2.5 Tcf gas in place.
discovery