Final Investment Decision for 'Kronos' Expected in June
June 1, 2026
The final investment decision for the 'Kronos' block by the ENI-TotalEnergies consortium is expected in June. The related agreements are set to be signed within the same month as preliminary payments have already been made. The Energy Minister will travel to Washington for discussions on energy issues involving Cyprus, Greece, and Israel. Preparations for the 'Aphrodite' agreement are progressing, although no immediate developments are expected due to timelines. Exxon is also interested in block 4, with potential announcements expected in the fall.