TotalEnergies and ENI Sign an Agreement With Cyprus and Egypt for the Export of Cyprus Block 6 Gas Through Egypt
17 Février 2025 - 4:34PM
Business Wire
In the presence of President of Egypt Abdel Fattah El-Sisi and
President of Cyprus Níkos Christodoulídis, TotalEnergies and ENI,
partners in Cyprus offshore Block 6 (TotalEnergies 50%, ENI 50%
operator), have signed today a Host Government Agreement (HGA) with
the Arab Republic of Egypt and the Republic of Cyprus related to
the development of Block 6 gas resources.
Signed during the Egypt Energy Show (EGYPES) with the Minister
of Petroleum and Mineral Resources of the Arab Republic of Egypt,
Karim Badawi, and the Minister of Energy, Commerce and Industry of
the Republic of Cyprus, George Papanastasiou, this agreement is a
key milestone towards the development of the Cronos gas field.
Located in Cyprus Block 6, Cronos field was discovered in 2022 and
successfully appraised in February 2024.
The agreement provides a framework allowing the Cronos gas to be
processed in the existing Zohr facilities offshore Egypt and then
liquefied in the Damietta LNG plant in Egypt, for export to
European markets.
Following the signature of this agreement, the Block 6 partners
will now proceed with the Cronos Development and Production Plan,
in close collaboration with Cyprus authorities.
“TotalEnergies is very pleased to be part of the opening of an
export route through Egypt for Cyprus gas. This Host Government
Agreement represents a major step in valorizing the Cyprus gas
through available LNG capacities in Egypt, contributing to Europe
energy security by bringing additional LNG volumes,” said Julien
Pouget, Senior Vice President Middle East & North Africa,
Exploration & Production at TotalEnergies.
In Cyprus, TotalEnergies also has interests in Block 11 (50%,
operator), Block 7 (50%, operator), and Block 8 (40%).
About TotalEnergies
TotalEnergies is a global integrated energy company that
produces and markets energies: oil and biofuels, natural gas and
green gases, renewables and electricity. Our more than 100,000
employees are committed to provide as many people as possible with
energy that is more reliable, more affordable and more sustainable.
Active in about 120 countries, TotalEnergies places sustainability
at the heart of its strategy, its projects and its operations.
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