Nicosia hopes for Aphrodite plan compromise

Cyprus rejected Chevron’s plan to develop the island’s offshore Aphrodite natural gas field, but Energy Minister George Papanastasiou is hopeful a compromise can be found. Papanastasiou told Bloomberg that the concerned parties

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Aphrodite appraisal drill looks good

The drilling of an appraisal well at the offshore Aphrodite natural gas field was successfully completed with positive signs of undersea riches, said Energy Minister George Papanastasiou. He told journalists Monday that the

Aphrodite gas linked to Egypt

The offshore Aphrodite natural gas field developed in Cypriot waters will be connected to an existing processing and production facility in Egypt via a subsea pipeline, one of the partners in the

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Partners in Aphrodite back $192 mln investment

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

Chevron to speed up Aphrodite extraction

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

Moves on Aphrodite development plan

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