Egypt, Greece, and Cyprus advance Eastern Mediterranean energy corridor

Eastern Mediterranean energy Cypriot natural gas GREGY interconnection Great Sea Interconnector Cronos gas field

Egypt, Greece, and Cyprus have reaffirmed their commitment to developing an energy corridor in the Eastern Mediterranean to supply natural gas to Europe. During a summit in El Alamein, leaders Abdel Fattah el-Sisi, Kyriakos Mitsotakis, and Nikos Christodoulides called for the expedited completion of pipelines connecting Cypriot offshore gas fields to Egyptian infrastructure.

Central to these plans is the Cronos gas field, a project jointly owned by Eni and TotalEnergies. The field is expected to begin production in 2028, utilizing four offshore wells. Gas from Cronos will be transported via an undersea pipeline to Egypt, where it will use existing facilities at the Zohr field before being liquefied at Damietta for export. In conjunction with the summit, engineering firm McDermott announced it has been awarded a contract worth between $500 million and $750 million by Eni's Cypriot subsidiary to support the Cronos development.

Beyond gas, the region is advancing electrical interconnections. The GREGY project aims to link Greece and Egypt, while the Great Sea Interconnector (GSI) focuses on connecting Greece and Cyprus. Recent developments include Meridiam acquiring a majority stake in the GSI project company and an agreement between ADMIE, GSI, and Nexans to conduct seabed surveys.

Entities

Abdel Fattah el-Sisi · Eni · Great Sea Interconnector · Kyriakos Mitsotakis · McDermott · Nicos Christodoulides · TotalEnergies

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Meridiam has acquired a majority stake in the Great Sea Interconnector project company. www.sbctv.gr
[● 3 SOURCES] Eni and TotalEnergies each hold a 50% stake in the Cronos project. gr.euronews.com · hu.euronews.com · it.euronews.com
[● 3 SOURCES] The leaders of Egypt, Greece, and Cyprus called for the rapid completion of pipelines connecting Cypriot gas fields to Egyptian infrastructure. gr.euronews.com · hu.euronews.com · it.euronews.com
[○ 1 SOURCE] An agreement between ADMIE, GSI, and Nexans has been reached for seabed surveys. www.sbctv.gr
[● 3 SOURCES] McDermott was awarded a contract worth between $500 million and $750 million for engineering and installation services at the Cronos field. gr.euronews.com · hu.euronews.com · it.euronews.com
[● 3 SOURCES] The Cronos field will be developed using four offshore wells and an undersea pipeline to transport gas to Egypt. gr.euronews.com · hu.euronews.com · it.euronews.com
[○ 1 SOURCE] The GREGY project serves as an HVDC undersea interconnection between Greece and Egypt. www.sbctv.gr
[● 3 SOURCES] The Cronos gas field in Cyprus is expected to begin production in 2028. gr.euronews.com · hu.euronews.com · it.euronews.com