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European consumers could begin receiving natural gas from an undersea deposit off Cyprus as early as March 2028, the island nation's energy minister announced, marking what would be the first gas from the Eastern Mediterranean to reach European markets.

Eni and TotalEnergies have reached a final investment decision to develop the Cronos gas field in deep waters offshore Cyprus, marking the Mediterranean island's first-ever gas development and a boost for European energy security at a time of strained supplies.