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
By Costis Stambolis As Cyprus has embarked on the road to introducing natural gas to its energy system, following the signing of agreements by DEFA – Cyprus’s gas company – with contractors and suppliers
Chevron and Noble Energy reaffirmed the importance they attach to developing Cyprus’ Aphrodite natural gas field as part of their strategic energy plans in the Eastern Mediterranean. This was the message given
US giant Chevron’s $5 bln acquisition of Noble Energy is a move that could affect the development of Cyprus’ Aphrodite gas field, the Energy Ministry said in a statement. Chevron now has
Israel is blocking the $9.3 bln commercial development of Cyprus’ Aphrodite gas field in a dispute with a neighbouring reservoir over distribution claims. Israel and Cyprus signed an agreement setting the border
