Contracts Worth $1.8 Billion for the Development of the Kronos Gas Field in Cyprus
October 25, 2026
Italian Eni plans to sign contracts worth $1.8 billion for the development of the Kronos gas field in Cyprus. These contracts involve the construction of underwater infrastructure for the extraction and transportation of natural gas to Egypt. The signing of these contracts is expected within the week, likely on Monday, October 26. The development plan for the field aims to initiate natural gas production by 2028. Eni and TotalEnergies are the main developers of this project.