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Final investment on Cyprus gas project could come next year, says TotalEnergies CEO

Published by Global Banking & Finance Review

Posted on April 30, 2025

1 min read

· Last updated: January 24, 2026

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TotalEnergies to Decide on Cyprus Gas Project Investment by 2026

PARIS (Reuters) -A final investment decision on TotalEnergies' new Cyprus gas project could come in 2026, CEO Patrick Pouyanne told analysts on Wednesday, with deliveries expected in 2028 or 2029.

The French oil major is developing Block 6 at the Cronos gas field in a 50-50 joint venture with Italy's Eni, which will operate the project.

(Reporting by America HernandezWriting by Dominique PattonEditing by David Goodman)

Key Takeaways

  • TotalEnergies plans to finalize its Cyprus gas project investment by 2026.
  • Gas deliveries from the project are expected in 2028 or 2029.
  • The project is a joint venture with Italy's Eni.
  • The development focuses on Block 6 at the Cronos gas field.
  • CEO Patrick Pouyanne shared the timeline with analysts.

Frequently Asked Questions

What is the main topic?
The article discusses TotalEnergies' potential final investment decision on a Cyprus gas project by 2026, with expected deliveries in 2028 or 2029.
Who is developing the Cyprus gas project?
The Cyprus gas project is being developed by TotalEnergies in a joint venture with Italy's Eni.
When are gas deliveries expected to start?
Gas deliveries from the Cyprus project are expected to start in 2028 or 2029.

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