The Energy Ministry is holding intensive consultations with the licensed consortium for producing natural gas from Aphrodite by 2027 while a dispute with Israel is on the mend. Energy Minister Natasa Pilides
The partners in exploiting Cyprus’ Aphrodite gas field have approved a $192 million investment to begin drilling and cover other development costs for the offshore project, Israeli firm NewMed Energy said. Most
Cyprus and US energy firm Chevron said they are committed to accelerating the development of the offshore Aphrodite gas field to supply the European Union and Egypt. Energy Minister Natasa Pilides announced
Israel’s NewMed Energy, one of the partners in the Chevron-operated Aphrodite gas field in Cyprus, announced in its Q1 2022 financial report released on May 23 that talks are underway with the
The EuroAsia Interconnector has the potential to change the rules of the game in energy security and energy supply in European markets and elsewhere, Energy Minister Natasa Pilidou said on Monday, following
Israeli claims over potential output from the Aphrodite gas field arose from the demand by the owners of the Israeli offshore block Ishai, bordering Cyprus’ block12; they are entitled to a share
Israel warned it would intervene if energy companies licensed to commercially exploit the bordering Aphrodite and Yishai gas fields do not resolve their dispute by March 4. According to the Jerusalem Post,
Moody’s Investors Service has upgraded the long-term senior secured ratings of the state-owned Israel Electric Corporation to Baa1 from Baa2. The upgrade reflects significant reductions in IEC’s leverage and improvements in the
Technical Committees from Nicosia and Cairo are proceeding with a study on the transfer of natural gas from the Aphrodite reservoir, in Cyprus’ exclusive economic block 12, to an Egyptian Liquefaction Plant.
Cyprus and Israel have agreed on how companies operating in the bordering Aphrodite and Yishai gas fields can start negotiating their commercial exploitation to end a nine-year row. The agreed formula was announced
