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TotalEnergies and Eni Approve Cronos Gas Field Development for LNG Exports

ENI logoENI
Sig3.47Sen+2.37Env-3.33Soc+0.58Gov+0.20
TotalEnergies logoTotalEnergies
Sig3.50Sen+0.99Env-2.65Soc+0.65Gov-0.57

TotalEnergies, with partner Eni, has approved development of the Cronos gas field in Cyprus, launching a new offshore LNG project. The gas is set to feed Egyptian liquefaction facilities and support European exports. The update is framed alongside TotalEnergies’ asset-heavy model and valuation gap versus fair value.

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