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Eni at ‘final stage' of decision to develop Cronos gas field off Cyprus, says COO
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NICOSIA, Cyprus (AP) — Italian energy company Eni said Thursday it is in the “final stage” of deciding whether to go ahead with developing a natural gas field off Cyprus that could deliver the hydrocarbon to European markets within two years. Eni has a reputation for expediting energy projects but a few documents still need to be finalized before work to extract natural gas from the Cronos deposit can begin, Chief Operating Officer Guido Brusco told told The Associated Press. “There are a few things missing which we believe to close very soon,” said Brusco, adding that it's possible for gas to reach European markets by the end of next year or early 2028 “if we complete our homework.” Cronos is one of three natural gas deposits that Eni and its French partner TotalEnergies discovered in Block 6 of Cyprus’ exclusive economic zone.