Final decisions on developing the Aphrodite gas field will be made on November 20, NewMed Energy said in a statement to the Tel Aviv Stock Exchange. It said the consortium partners will
Energy Minister George Papanastasiou believes developing infrastructure to harness the natural wealth in the Cypriot Exclusive Economic Zone (EEZ) is critical. He argued that while Cyprus boasts significant natural gas reserves, the lack
Energy Minister George Papanastasiou is confident that a dispute with US energy giant Chevron over the commercial exploitation of Aphrodite’s untapped natural gas will end with a win-win agreement. In comments to
Nicosia is sticking to its guns over a dispute in the commercial exploitation of the estimated 4.4 trillion cubic feet of Aphrodite’s untapped natural gas, ahead of the 5 November deadline. Chevron
Clay Neff, Chevron’s president for Africa and Latin America Exploration and Production, will visit Cyprus on Friday, days before the expiration of the government deadline for negotiations over the revised development plan
Cyprus’ investment footprint in the energy sector is small but not insignificant, with expected ventures at over €16 billion for the decade 2021-2030, experts said. At the 11th Energy Symposium, the discussion focused
Successive governments have declared for over a decade that they want to develop the island’s onshore and offshore resources for Cyprus to become an energy hub, linking the Middle East, northern Africa,
The government is optimistic about a positive conclusion in its lengthy negotiations with Chevron in commercialising untapped Aphrodite natural gas. There has been speculation that negotiations with Chevron were headed for disaster
Moody’s Investors Service placed the deposit ratings of five Israeli banks on review for downgrade, Tuesday, following the rating agency’s similar view of the sovereign A1 long-term issuer ratings last Thursday. It
The world’s largest oil and gas companies saw their combined profits slump by a massive $29.2 bln year-on-year, as a sharp decline in gas demand and lower oil prices significantly cut down
