Displaying items by tag: cronos gas

Egypt and Cyprus have sealed a set of landmark commercial agreements that pave the way for the development of the Cronos gas field in Cyprus’s Block 6, marking a decisive step toward the project’s Final Investment Decision (FID), The deals allow natural gas from Cyprus to be processed and later exported through Egypt’s liquefied natural gas (LNG) facilities, reinforcing the latter’s role as the Eastern Mediterranean’s regional gas hub, according to the Middle East Economic Survey (MEES).