Financial Ports

Eni awards $1.8bn in contracts to kick off Cyprus’ first gas project

CLAVE 1 / 4Contracts valued at $1.8bn, marking the start of execution for Cyprus’ first hydrocarbon development.

CLAVE 2 / 4McDermott secures $500m-$750m deal for offshore installation and subsea pipelines.

CLAVE 3 / 4Cronos holds over 3 trillion cubic feet of gas, with production set for first half of 2028.

CLAVE 4 / 4Gas will be piped to Egypt, processed via Zohr infrastructure, and exported to Europe as LNG.

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