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Cyprus Approves Kronos Gas Field Strategy In Groundbreaking Energy Transition

by THEFUTURE.TEAM

May 19, 2026

Strategic National Energy Initiative

The Cabinet of Cyprus has officially endorsed the development and production plan for the Kronos gas field, located in Block 6 of the nation’s Exclusive Economic Zone (EEZ). President Nikos Christodoulides emphasized that this decisive move, 15 years after the country’s first EEZ discovery in 2011, represents a pivotal moment in Cyprus’s natural gas exploitation journey.

Pathway To European Markets

Alongside the approval of the development plan, the Cabinet is also expected to approve agreements governing the sale of Cypriot natural gas. Authorities are targeting 2028 for the country’s first natural gas exports to Europe through Egypt, with the government positioning the project as part of broader efforts to strengthen regional energy cooperation and energy security.

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Global Partnerships And Collaborative Ventures

Further announcements are expected in cooperation with major international energy companies involved in Cyprus’ offshore sector. Among them is ExxonMobil, which together with QatarEnergy holds drilling rights in Blocks 5 and 10. The partnerships are expected to support the next phase of offshore energy development.

Infrastructure Development And Investment Decisions

The approval of the development and production plan coincides with a pending final investment decision by the consortium comprising TotalEnergies and Eni for Block 6. In the interim, Energy Minister Michael Damianos announced the establishment of a joint technical committee tasked with negotiating the commercial and technical parameters for natural gas sales to Egypt. This strategic committee aims to ensure that Cyprus leverages its geographic proximity to Egypt’s Zohr gas field, thus enabling the use of existing infrastructure to transport the natural gas to the Segas liquefied natural gas (LNG) terminal in Damietta.

Pipeline And Future Prospects

Seabed pipeline routing surveys, which began in June last year, form part of broader preparations to connect Cyprus’ offshore gas resources with regional export infrastructure. The developments follow a framework agreement involving Cyprus, Egypt and companies including Chevron, NewMed Energy and Shell for the commercialisation of the Aphrodite gas field.

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Starbucks Wins ‘Best Workplace / Employer Of Choice At The 18th IN Business Awards

by News Editor

May 26, 2026

Starbucks was recently awarded the ‘Best Workplace / Employer of Choice’ award at the 18th IN Business Awards in Greece — a recognition that reflects the company’s philosophy and its ongoing investment in its people.

This distinction confirms Starbucks’ commitment to creating a work environment defined by respect, collaboration, inclusivity, and equal opportunities for all. Starbucks consistently fosters a culture that encourages growth, authenticity, and participation since people are always at the center.

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“At Starbucks, our success is rooted in our people. This recognition is a testament to our team’s dedication to nurturing a space where everyone can express themselves, grow equally, and deliver exceptional experiences to our customers,” said Pambis Anastasis — District Manager of Starbucks, who received the award.

Through modern development and employee support practices, Starbucks meaningfully invests in the continuous training and empowerment of its workforce, offering learning opportunities, mentorship, and career advancement at every stage of their journey.

The company also promotes an inclusive workplace where every employee feels a sense of belonging, can express themselves freely, and grow equally. This approach is a core element of Starbucks’ identity and is reflected both in the company’s internal culture, and in the experience it delivers to customers.

Winning at the prestigious IN Business Awards is a great honor for Starbucks and serves as a strong affirmation that its people are always at the heart of every step it takes.