Italy’s Eni signed the main engineering, construction and drilling contracts for the $2.2bn Cronos gas development offshore Cyprus on 26 October, moving the country’s first offshore gas project into the execution phase. The contracts are reportedly worth $1.3-1.8bn, although Eni has not disclosed their value.
The signing ceremony at the Presidential Palace in Nicosia was attended by President Nikos Christodoulides, Energy Minister Michael Damianos and Eni Chief Operating Officer Guido Brusco. (CONTINUED - 718 WORDS)
