Energy Minister Michalis Damianos also announced significant developments regarding the national program in the Cypriot EEZ, hinting at upcoming announcements expected in early July, against the backdrop of activity by U.S. interests.

The minister revealed on the Alpha News program that Nicosia is in an advanced stage of negotiations with the ExxonMobil-QatarEnergy consortium regarding “Block 4,” which is the northwesternmost and geopolitically most sensitive part of Cyprus’s jurisdiction.

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Furthermore, he expressed optimism regarding the “Kronos” field (operated by the Eni-Total consortium), noting that the final investment decision is expected to be signed by the end of June, as only the finalization of the legal documents remains.