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Cronos LNG project in Cyprus to boost Egypt’s gas supply from 2028
The Cronos project is expected to deliver up to 2.8 million tonnes per year of LNG from 2028, helping close Egypt’s growing domestic gas shortfall amid declining production and rising demand.
A newly approved LNG project offshore Cyprus, the Cronos development, is expected to start delivering from 2028 and help reshape regional gas flows, with implications for Egypt’s energy supply and Europe’s diversification efforts, according to OilPrice.
The project is forecast to produce up to 2.8 million tonnes per year of LNG from 2028. OilPrice frames the setup as a three-way benefit: Cyprus gains an export outlet it could not build economically on its own, Egypt secures LNG feedstock for infrastructure facing constraints from falling domestic production, and Europe gains another non-Russian source.
OilPrice also points to urgency behind Egypt’s search for new gas supplies. Natural gas production in Egypt fell 7% year over year to 109.3 million m3/d in the second quarter of 2026, continuing a decline that began after output peaked in 2021.
At the same time, demand has been rising. Domestic consumption reached 190 million m3/d in June, the highest recorded level for that month, and power generation burned 113 million m3/d, leaving a shortfall of more than 75 million m3/d before pipeline and LNG imports are counted. OilPrice adds that technical, commercial, and geopolitical risks could still derail the emerging corridor.
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