AGP Executive Report
Last update: 7 hours agoOffshore Gas: Eni has moved the Cronos field into execution, signing contracts worth up to $1.8 billion for infrastructure. Baker Hughes will supply subsea systems, with deliveries expected from early 2027 and first gas targeted for 2028; exports are planned via Egypt. Construction: Cyprus issued 18.3% more building permits in June year on year, while first-half permits rose 29.5%. Cabinet-approved rule changes aim to simplify fees and speed approvals. Energy Storage: Cyprus-based Redox One is advancing iron-chromium flow batteries, building on demonstration systems in Germany and China as it targets larger projects and commercial deployment. Business & Trade: EKO has agreed to acquire STAROIL, expanding in Cyprus’s fuel market. Cyprus also sees new trade and investment opportunities from the EU-Philippines free trade agreement.
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