The new discovery of natural gas in the Cypriot EEZ, after the completion of the drilling at the Cronos-1 point of Block 6, was announced on Monday by the Minister of Energy, Trade and Industry of Cyprus, Natasa Pileidou.
Cyprus: They found the largest natural gas field in the Cronos-1 field, off Cyprus, according to a statement by TotalEnergies.
The discovery concerns block 6, reports the Italian Repubblica, and is one of the largest deposits in the world.
In fact, as noted, Israel has already expressed interest in participating in the pipeline, which will transport natural gas through Greece to Europe.
Are you saying that after this discovery, the construction of the East Med will be considered profitable?
Cyprus: They found the largest natural gas field – Is East Med running to catch up?
Let’s not forget that the talk about unprofitable construction, emphasized by the State Department, concerned the period before the Ukrainian-Russian war.
The new discovery of natural gas in the Cypriot EEZ, after the completion of drilling at the Cronos-1 point of block 6, was announced on Monday by the Minister of Energy, Trade and Industry of Cyprus, Natasa Pileidou, after the end of the cabinet session at the presidential residence in Troodos.
Let us remind you that as geostratigika.gr wrote, tender procedures related to the East Mediterranean (EastMed) pipeline have recently started.
The winning bidders will construct and install EastMed’s onshore segment in Greece as well as its above ground (AG) facilities in Cyprus, Crete and mainland Greece.
In fact, according to upstreamonline.com, the pre-qualification documents had to be submitted by last month for the IGI-Poseidon consortium of Italian Edison and Depa of Greece to make the final investment decision.
East Med is a pipeline that will take years to build and become operational. The EU knows this.
