WORLD · VERIFIED DEVELOPMENT
Cyprus Shipping Firms Seek Role in Kronos Offshore Gas Development
WHY IT MATTERS
The Kronos project could boost Cyprus’s economy, create maritime jobs, and position the island as a key player in European LNG supply chains.
What happened
On 16 October, the Cyprus Shipping Chamber’s Offshore Activities Committee met with Eni Cyprus representatives to explore how Cyprus‑based shipping companies could support the upcoming Kronos offshore gas field in Block 6 of Cyprus’s EEZ. Eni and TotalEnergies, each holding a 50 % stake, approved the project on 28 July 2026, targeting first Cypriot gas exports to Europe in 2028.
Kronos, discovered in 2022 and appraised in 2024, will produce about 500 million cubic feet per day, with gas routed via an underwater pipeline to Egypt’s Zohr facilities and then liquefied at Damietta.
While no specific contracts have been awarded to local shippers, the chamber highlighted opportunities in offshore vessel support and maritime logistics, urging stronger collaboration with offshore developers.
PRIMARY SOURCES
Cyprus shipping firms seek role in Kronos gas development
Cyprus Mail · Discovery only; publisher copyright terms apply
CORRECTIONS & UPDATES
- Revision 1 · Initial ingestion · Oct 16, 2026, 10:45 AM
- Revision 2 · Source update detected · Oct 16, 2026, 10:45 AM