Egypt, Greece and Cyprus back plans to bring Cypriot gas to Europe
Cyprus’ Cronos gas is expected to reach European markets via Egypt from 2028, with Greece offering an onward route into southeastern and central Europe. The three countries renewed their backing for the plan at their El Alamein summit. Egypt, Greece and Cyprus have renewed their backing for plans to send Cypriot gas to Europe through ...
Egypt, Greece, and Cyprus reaffirmed their support for a plan to bring Cypriot gas to European markets via Egypt at their El Alamein summit. Greek Prime Minister Kyriakos Mitsotakis suggested that the gas could eventually be transported through Greece's Revithoussa and Alexandroupolis terminals, then onwards through the Vertical Corridor to southeastern and central Europe.
The Cronos gas project, Cyprus' first gas development, is set to start producing gas in 2028. Engineered by McDermott, the project will involve constructing four offshore wells and an undersea pipeline to Egypt. From there, the gas will be processed at existing facilities linked to Egypt's Zohr field before being liquefied and shipped to Damietta.
Cronos is expected to deliver around 2.8 million tonnes of LNG annually, equivalent to the output of two supertankers. The project aims to enhance Europe's energy security by diversifying its LNG supply sources and reduce dependence on Russian gas.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
