November Agreement Marks a Strategic Turn
Cypriot natural gas from the Kronos field is slated to be sold via Egyptian infrastructure, with the agreement anticipated to be sealed in November, as confirmed by Energy Minister George Papanastasiou. The deal highlights a critical move in the region’s energy dynamics, underscoring the growing cooperation between Cyprus and Egypt.
Investment Decisiveness: Kronos Field
Speaking before the Parliament last Friday, Minister Papanastasiou indicated that the final investment decision for the development of the Kronos field is expected by year-end or in early next year. The decision will be undertaken by the consortium of ENI and Total, reflecting the strategic importance and robust investor confidence in the resource.
Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram
Robust Commercial Framework and Infrastructure Integration
The minister elaborated on commercial agreements already in place for exploiting the Kronos field located in Block 6 of Cyprus’ Exclusive Economic Zone. This framework involves significant stakeholders, including the national authorities of Cyprus and Egypt, investors ENI and Total/Energies, and three Egyptian infrastructure owners. These recent agreements pave the way for channeling natural gas from the Kronos field through the Zohr field infrastructure for liquefaction in Egypt—a critical step for accessing global markets.
Looking Ahead: Aphrodite Field Milestones
On a related note, outlining developments for the Aphrodite field, Minister Papanastasiou noted that the final investment decision is set for the end of next year, with the Front-End Engineering Design (FEED) scheduled to conclude by the end of 2026. With a finalized development and production plan agreed upon since February 2025, ongoing seabed surveys—expected to be completed by mid-November—will determine the routing for the pipeline connecting the field to Egyptian facilities.
This series of decisions and partnerships not only cements the region’s role in the global energy supply chain but also presents a clear roadmap for enhancing infrastructure and investment in natural gas ventures.
