TotalEnergies (TTE) and ENI, partners in Cyprus offshore Block 6, have signed a Host Government Agreement, HGA, with the Arab Republic of Egypt and the Republic of Cyprus related to the development of Block 6 gas resources. Signed during the Egypt Energy Show, EGYPES, with the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Karim Badawi, and the Minister of Energy, Commerce and Industry of the Republic of Cyprus, George Papanastasiou, this agreement is a key milestone towards the development of the Cronos gas field. “TotalEnergies is very pleased to be part of the opening of an export route through Egypt for Cyprus gas. This Host Government Agreement represents a major step in valorizing the Cyprus gas through available LNG capacities in Egypt, contributing to Europe energy security by bringing additional LNG volumes,” said Julien Pouget, Senior Vice President Middle East & North Africa, Exploration & Production at TotalEnergies.
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