REG-TotalEnergies SE TotalEnergies and ENI Sign an Agreement With Cyprus and Egypt for the Export of Cyprus Block 6 Gas Through Egypt

TotalEnergies SEAnnouncement

17/02/2025 16:45

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TotalEnergies and ENI Sign an Agreement With Cyprus and Egypt for the Export
of Cyprus Block 6 Gas Through Egypt

 

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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