Cyprus Business Now: wages, natural gas, easyJet, shipping, AI, economic outlook
The final investment decision to develop the Kronos natural gas field in block 6 of Cyprus’ exclusive economic zone offers an opportunity to exploit the area’s remaining gas reserves for the island’s domestic needs, according to energy expert Charles Ellinas. Speaking to the Cyprus News Agency (C...
Cyprus Mail · July 30, 2026
Cyprus: TotalEnergies Approves the Development of the Cronos Gas Field to Supply Europe with LNG
TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision (FID) for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024. Located in deep offshore waters approximately 185 kilometers southwe...
Hellenic Shipping News · July 29, 2026