The Italian newspaper La Repubblica reports that this is a huge field, “one of the largest in the world”, as it points out, and that it will take about a year before its exploitation can begin
The Italian hydrocarbon company Eni announced that its joint venture with the French TotalEnergies identified natural gas reserves of 70 billion cubic meters in the area included in the drilling license obtained by the two companies.
The deposit was named Cronos and is located at a distance of 160 kilometers from the coast of Cyprus and at a depth of 2,287 meters.
The Italian newspaper La Repubblica reports that this is a huge deposit, “one of the largest in the world”, as it points out, and that it will take about a year before its exploitation can begin. He adds that in this way it will be possible to increase the energy autonomy of Italy and the whole of Europe.
La Repubblica reports at the same time that Israel has expressed interest in the creation of a natural gas pipeline, which would pass through Cyprus and reach Greece and various other EU countries.
“This success of Kronos is another confirmation of our strategy… which contributes to energy security and provides additional sources of natural gas supply to Europe,” said Eni’s vice president, Kevin McLachlan, among others.
Drilling operations started on 23/5/2022 with the drillship “Tungsten Explorer”.
In her statements, the Minister of Energy, Natasa Peelidou, spoke of encouraging results.
RES-EMP
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