{"id":684575,"date":"2026-03-01T00:00:00","date_gmt":"2026-03-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/01\/cronos-gas-is-coming-to-egypt-just-a-year-later-than-planned\/"},"modified":"2026-03-11T10:13:32","modified_gmt":"2026-03-11T10:13:32","slug":"cronos-gas-is-coming-to-egypt-just-a-year-later-than-planned","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/01\/cronos-gas-is-coming-to-egypt-just-a-year-later-than-planned\/","title":{"rendered":"Cronos gas is coming to Egypt, just a year later than planned"},"content":{"rendered":"

Good morning, everyone. <\/strong>The regional security and economic landscape lurched yesterday as the US and Israel launched a sweeping attack on Iran and its leadership, prompting Iran to retaliate with drone and missile strikes on both Israel and Arab countries across the region.<\/p>\n

What does this mean for us? <\/strong>From FX to tourism, the widening regional war has raised a lot of questions \u2014 we dive into them all in the news well, below. <\/p>\n

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WISH THIS MORNING\u2019S ISSUE was a podcast? We\u2019ve got you. Tap or click here<\/a><\/strong> to listen to Morning Drive, a 10-minute version of today\u2019s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses<\/strong>.
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Watch this space<\/p>\n

<\/a> ENE<\/strong>RG<\/strong>Y <\/strong>\u2014 Italy\u2019s Eni expects to reach a final <\/strong>investment decision on the<\/strong> Cronos gas field in Cyprus <\/strong>this<\/strong> year<\/strong>, according to Global Natural Resources COO Guido Brusco speaking<\/a> in its 4Q 2025 earnings call. When operational, the natural gas will be transported via a 90km subsea pipeline directly to Eni's infrastructure in Egypt to be then liquefied in facilities in Damietta for re-export as LNG.<\/p>\n

Starting production from the 3.1 tcf field in 2027 as planned is looking increasingly<\/strong> unlikely<\/strong>, according to industry publication Mees<\/a>, which sees 2028 as the more likely outcome.<\/p>\n

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Happening today<\/p>\n

<\/a> The Industry Ministry is offering around 1.3k fully serviced industrial plots to<\/strong> investors starting today<\/strong>, ranging in size from 118 sqm to 400k sqm, it said in a statement<\/a>. The tender covers 9.8 mn square meters across 35 industrial zones in 23 governorates. Interested investors can apply exclusively via the Digital Industrial Egypt Platform<\/a> until March 15, with allocation results expected by early April.<\/p>\n

To channel land to serious investors and manage strong demand, the ministry has<\/strong> introduced a competitive pricing mechanism.<\/strong> Where multiple applicants meet the technical and financial criteria for the same plot, allocation will be determined by the highest bid above the base price per square meter \u2014 a tie-breaker system that signals a shift toward more market-driven pricing for prime industrial land.<\/p>\n\n

News triggers<\/p>\n

It\u2019s th<\/strong>e first week of March \u2014<\/strong> here are the key news triggers to keep your eyes on this month:<\/p>\n