Cyprus expects gas production from Cronos field to start in 2028

Natural gas production from the offshore Cronos field in Cyprus is scheduled to commence in the first half of 2028. President Nikos Christodoulides announced that the project, developed in partnership with the Italian energy company Eni, is expected to reach a peak production capacity of 500 million cubic feet (14.16 million cubic metres) of gas per day. The field, situated approximately 185 kilometres southwest of Cyprus, contains an estimated 3 trillion cubic feet of natural gas.

The development serves as a key strategic move to bolster the European Union’s energy autonomy and supply diversification. Since the 2022 Russian invasion of Ukraine and subsequent shifts in energy policy, Europe has been actively seeking alternative gas sources. Under the established plan, extracted gas will be transported via pipeline to the Damietta facility in Egypt for liquefaction, after which it will be exported primarily to European markets.

Following the signing of development contracts with eight main contractors last month, the project is moving into its active implementation phase. President Christodoulides described this development as a significant step for Cyprus in contributing to the regional and European energy equation, reinforcing the country's role as a vital link in the continent’s quest for long-term energy security.