East Med gas output is heading in the right direction
Eni and TotalEnergies strike more gas in Cyprus
The European producers celebrate further success in Block 6 but the East Med export conundrum remains unsolved
Italy’s Eni is hailing a “significant” gas discovery from its Cronos well in Cyprus’ Block 6. Its preliminary estimates are c.2.5tn ft³ (70.75bn m³) of gas in place, but it anticipates “significant additional upside that will be investigated by a further exploration well in the area”. Block 6 is also the location of Eni’s 2018 3-5tn ft³ Calypso discovery, for which there is no development plan. And the same goes for ExxonMobil’s 5-8tn ft³ Glaucus find in Block 10 in 2019. Operator Chevron is promising to present a development concept for the 4.5tn ft³ Aphrodite field in Block 12—delivering its gas “to Egypt and to European markets”—to Cyprus’ energy ministry by year-end. It was discovered in
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