Gas deposits off Cyprus are an opportunity for the EU, president says
The project could bring up to 500 million standard cubic feet of gas a day at peak production, President Nikos Christodoulides said.
- Cyprus President Nikos Christodoulides said offshore gas deposits could help the European Union diversify energy supplies and strengthen energy security.
- Christodoulides said the Cronos gas field is expected to begin production in the first half of 2028.
- After extraction, gas from Cronos will travel by pipeline to Egypt’s Damietta facility for liquefaction and export, mainly to Europe.
- Christodoulides described Cronos as a significant step toward Cyprus’s first natural gas production.
21 Articles
21 Articles
Associated Press News
Gas deposits off Cyprus are an opportunity for the EU, president says
Cyprus's president says natural gas deposits off the country's coast offer the European Union a chance to boost energy security by diversifying supply.
EU autonomy is strengthened by mining in “Kronos”, the President told the AP The importance of the “Kronos” field lies in the possibility of diversifying the EU’s supply sources through the development of a field in a member state and in cooperation with the region, he said in statements to the Associated Press and journalist Menelaos Hadjicostis, […] “Kronos”: Production in 2028, Christodoulides promises – New announcements on natural gas
Billions of euros in investments and natural gas exports to Europe via Egypt - What the President says
The President of the Republic, Nikos Christodoulides, has described the natural gas fields located off the coast of Cyprus as a significant opportunity to strengthen the European Union’s energy security, stressing that they can contribute to the diversification of Europe’s energy supply sources. In an exclusive statement to the Associated Press on Thursday, the Cypriot President said that the “Kronos” field, the first of Cyprus’ natural gas fiel…
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