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Access to cheaper energy is the main goal, states the Government Spokesperson

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By Alexia Cafetzis

The main objective of the Government's planning is for the Cypriot consumer and Cypriot households to have access to cheaper energy as soon as possible, Government Spokesman Constantinos Letympiotis said on Thursday, answering questions about the completion of the assessment drilling work at “Cronos-2”. , within Block 6 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus, by the joint venture of Eni Cyprus Limited (Operator) and TotalEnergies EP Cyprus B.V.

Speaking during today's media briefing at the Presidential Palace, the Government Spokesperson said that the drilling, which was carried out 160 kilometers off the coast of Cyprus and 3 kilometers from the original exploration well “Cronos-1”, demonstrated the existence of the same natural gas column, with a productive zone within a geological formation that exceeds 115 meters. He also confirmed that this is an extension of the “Cronos” deposit, with the same characteristics in carbonate rocks.

According to the dialogue, “Cronos”, said Mr. Letympiotis, is the third discovery of a natural gas field in Block 6 of the Cyprus EEZ, along with “Calypso” (2018) and “Zeus” (2022). At the present stage, he noted, the Ministry of Energy and the licensed consortium are examining the ways to optimally utilize the fields, which I mentioned in passing will concern the supply of gas to the Eastern Mediterranean, Cyprus and Europe, with the complex of discoveries that has been created should be expected to contribute to the acceleration of their development.

The companies Eni and TotalEnergies have also made announcements about the successful completion of the “Cronos-2” operations, he added.

Questioned on the issue of lot 6, the Spokesperson said that the Department of Energy has made its own initial estimates, but everything will be discussed with the consortium now that concrete data is available.

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He added that the main goal of the Government's planning is “to enable the Cypriot citizen, the Cypriot consumer, the Cypriot households to have access to cheaper energy as soon as possible. So, setting timetables, which will be feasible, realistic and specific is something that is certainly in our thoughts”.

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