Eni and TotalEnergies are swiftly developing natural gas deposits off Cyprus to supply Europe

NICOSIA, Cyprus (AP) — Eni says drilling to appraise a third natural gas discovery in waters off Cyprus shows the commitment of the Italian energy company and its French partner TotalEnergies to swiftly develop the deposit and bolster energy supply to Europe. The company said Thursday the appraisal well proves the “excellent gas deliverability capacity” of the Cronos-1 deposit that’s estimated to contain around 2.5 trillion cubic feet of the hydrocarbon. The appraisal well was drilled approximately 100 miles southwest of the Cyprus coast in one of 13 designated areas where Eni and TotalEnergies hold exploration licenses.