Cyprus’ total potential natural gas capacity is now between 11.7 Tcf and 14.7 Tcf – Greek City Times
The major natural gas discovery by France’s TotalEnergies TTEF.PA and Italy’s Eni ENI.MI at the Cronos-1 well off Cyprus brings the Mediterranean island’s total potential capacity to between 11.7 tcf and 14 tcf .7 tcf.
That’s what Philenews reported on Tuesday, just hours after Eni said preliminary estimates point to around 2.5 tcf of gas in place, with a significant additional upside to be investigated by another exploration well in the region.
The island reported its first natural gas discovery, Aphrodite, in 2011, measuring around 4.5 trillion cubic feet (tcf) and now managed by US energy company Chevron CVX.N.
Monday’s discovery marks the third offshore gas discovery reported in Cyprus, all of which remain untapped.
And it comes as the European Union seeks an alternative supply to Russian gas after Moscow invaded Ukraine in February.
At the same time, any confirmed quantity in the Calypso field, in Block 6, is not calculated because ENI announced in 2018 that it had identified a deposit but has not yet made an official estimate of the quantity.
Insiders in Cyprus said that this discovery is unofficially estimated between 1 and 3 tcf, without being certain that it is recoverable due to the peculiarities of the seabed.