Energy majors commit to East Med gas exploration

Energy companies operating in the Eastern Mediterranean- Chevron, ENI, Shell, and ExxonMobil- reaffirmed their commitment to exploiting natural gas. US oil major Chevron, which operates Aphrodite, considered the most mature gas field

Synergies ‘magic word’ for regional natural gas

Synergies are the ‘magic word’ for developing the region’s natural gas resources, Energy Minister George Papanastasiou told a summit in Limassol. At the Eastern Mediterranean Energy Conference, Papanastasiou said companies look for faster

Chevron Aphrodite talks drag on

US oil major Chevron, the operator of the Aphrodite gas field, has been given another new extension to reply to the government by December 1 over deadlocked negotiations. Energy Minister George Papanastasiou

Search for common ground on Aphrodite

Developments are expected in the coming days for a win-win outcome in discussions with US oil major Chevron over the dispute about exploiting the Aphrodite gas field, said Energy Minister George Papanastasiou. Nicosia granted

Gas demand grows as production rises

China is expected to account for almost half of the total growth in global gas demand between 2022 and 2026. A new UN report, ‘The Production Gap – Phasing down or phasing up’, said that


No gas without infrastructure

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

Nicosia stands firm in Chevron standoff

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

Government optimistic over Chevron deal

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

Green future needs natural gas

Japan’s Mitsui said the world lacks enough LNG for energy transition. Announced natural gas projects in the world still won’t make up for the supply needed when considering the energy transition that

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