Eni signs agreement with Egypt, Cyprus to develop, export Block 6 gas
Eni and TotalEnergies, 50-50 partners (Eni, operator) in Cyprus’ Cronos Block 6, signed a Host Government Agreement (HGA) with the Arab Republic of Egypt and the Republic of Cyprus related to development of the block’s natural gas resources.
The agreement outlines a framework aimed at a rapid development of the Cronos gas discovery offshore Cyprus, the companies said in separate releases Feb. 17. Gas will be transported and processed in existing Zohr infrastructure and then liquefied at the Damietta LNG plant for export to European markets.
Eni and TotalEnergies will now proceed with the Cronos Development and Production Plan, in collaboration with Cyprus authorities.
Eni discovers gas offshore Cyprus
Damietta LNG loads first cargo since 2012
Discovered in 2022 and subsequently appraised in 2024, Cronos gas in place is estimated at more than 3 tcf. Block 6 also encompasses further potential resources under exploration and appraisal, including the Zeus discovery made in 2022.
Eni has been present in Cyprus since 2013. Block 6 is operated by Eni holding a 50% interest. Eni also operates Block 8 and has participating interests in Blocks 7 and 11.
Eni is currently Egypt’s leading producer with an equity production of about 280,000 boe/d in 2024. Eni operates in Egypt through its wholly owned subsidiary IEOC and has a 50% share in the Damietta LNG plant.
In Cyprus, TotalEnergies also has interests in Block 11 (50%, operator), Block 7 (50%, operator), and Block 8 (40%).
