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Cronos Gas to Supply Europe by 2028, EU Backs Interconnector

8/9/2026

44 9 Full Breakdown

Summary

Story summary

Cyprus Energy Minister Michalis Damianos said the Cronos gas field will supply Europe by March 2028.
A 105-km pipeline to Egypt’s Zohr field will start this year and run up to 18 months.
Over 3 tcf (84.9 bcm) of gas will go to Damietta for liquefaction, with 20 % reserved for Egypt while the EU pledged €658 million to the Great Seas Interconnector, covering up to 63 % of its cost.

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Story summary

Cyprus Energy Minister Michalis Damianos said the Cronos gas field will supply Europe by March 2028.
A 105-km pipeline to Egypt’s Zohr field will start this year and run up to 18 months.
Over 3 tcf (84.9 bcm) of gas will go to Damietta for liquefaction, with 20 % reserved for Egypt while the EU pledged €658 million to the Great Seas Interconnector, covering up to 63 % of its cost.