Green light for sale of Cypriot natural gas: First exports from “Cronos” expected in 2028
Cyprus is entering the era of natural gas production and exports for the first time, after Eni reached the final investment decision for the development of the “Cronos” gas field in Block 6 of the Cypriot Exclusive Economic Zone (EEZ)
Chevron enters Block 10 in the Kyparissiakos Gulf with a 70% stake & Operator role – Path opens for next phase of exploration
Approvals for the agreement with HELLENiQ ENERGY were completed in record time. Chevron will acquire its fifth offshore concession in Greece’s hydrocarbons sector
Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall
Even if a U.S.–Iran agreement is reached and the Strait of Hormuz reopens immediately, fuel prices are unlikely to return quickly to their early-2026 levels. Markets will need months to be “convinced” that the danger has truly passed. This is the well-known “rockets and feathers” phenomenon