Chemical industry in Cyprus

Projects in Cyprus

chemXplore tracks 1 project in Cyprus, of which one is active.

1 Under Construction

1 new construction.

Expected to start operating
2026
none
2027
none
2028
1 project
2029
none
2030
none
2031
none
What moved recently
  • 8 September 2026 Eni-TotalEnergies Cronos Gas Field Development, Cyprus Block 6 · Under Construction

Owners and developers: Eni S.p.A. (1), TotalEnergies SE (1)

Contractors and offtakers are recorded on this project For subscribers

Targeting: Natural gas (1)

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Latest Cypriot chemical industry news

17 September 2026
EASA: EU SAF supply surpasses 2025 ReFuelEU target

SAF reached 1.1 Mt (2.8% share), a near sixfold rise from 2024; supplied at 121 airports, 84% produced in the EU, and 18 Member States host production projects.

8 September 2026
McDermott wins subsea contract for Cronos gas field, Cyprus

Valued at USD $500–$750M, the deal covers project management, engineering, procurement and installation support, executed from hubs in Houston, Perth, London and Kuala Lumpur.

7 August 2026
MOL Group Q2 2026 results

Q2 profit USD 786m; strong oil and gas prices plus higher refining and petrochemical margins offset fuel price caps and operational outages.

31 July 2026
Shell to sell BG Cyprus Ltd to MOL Group for up to $720 million

35% non-operated stake in Cyprus Block 12 (Aphrodite); produced gas to be sold to EGAS; completion expected early 2027, subject to approvals.

31 July 2026
Holcim: H1 recurring EBIT +11.5% organically, guidance upgraded

Net sales +5.2% organic H1; recurring EBIT margin 18.1%; closed Xella and Cementos Pacasmayo; FY2026 guidance raised to ~5% sales and ~10% recurring EBIT growth.

29 July 2026
Eni second-quarter 2026 results and updated capital plan

Double-digit underlying production growth, new JV and project FIDs, entry into critical minerals, and a larger share buyback with slightly higher 2026 production guidance.

28 July 2026
Eni FID for Cronos gas development off Cyprus

Final Investment Decision for Cronos targets first Cypriot gas in 2028; field holds >3 Tcf GIIP and will route gas via Egypt’s Zohr and Damietta for LNG exports.

28 July 2026
TotalEnergies approves development of Cronos gas field in Cyprus

Cyprus' first gas field will send about 2.8 Mtpa LNG to Europe via Egypt's Damietta terminal; start-up expected 2028 and half the output will be marketed to Europe.

1 July 2026
OCI recommends NNS EUR 4.10 all-cash offer; court-appointed directors consent to convene EGM for Orascom vote

Board (excluding Nassef and Nadia Sawiris) backs NNS cash offer and court-appointed directors agree to convene an EGM to approve the Orascom transaction, conditional on NNS declaring and settling the offer.

30 June 2026
QatarEnergy and ExxonMobil declare commercial discovery for Block 10 (Glaucus & Pegasus)

Commercial discovery declared for the Glaucus and Pegasus fields in Block 10 offshore Cyprus; parties will advance regulatory approvals and development planning.