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of <h1>Egypt to Sign Deal with Total and Eni for Cyprus Gas Transport and Export; Decision on Extraction by Summer.</h1> Egypt and a consortium of Total and Eni will sign an agreement to transport natural gas from Cyprus's Cronos deposit to Egypt for liquefaction and export. This deal, considered significant by Cypriot officials, will be finalized at Egypt's energy summit in February. The consortium will decide on extraction methods by summer. The Cronos deposit is estimated to surpass the Aphrodite deposit, which contains 4.2 trillion cubic feet of gas. Separately, ExxonMobil and Qatar Petroleum have begun drilling at the Elektra well. Cyprus aims to shift from crude oil to natural gas for energy, with plans for an onshore terminal delayed.
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