Cyprus Mail
Business Energy Featured

Cyprus grants Aphrodite reserve exploitation licence

Keith Elliott, Noble Energy senior VP Global Offshore (L) with Energy Minister Giorgos Lakkotrypis (Photo Christos Theodorides)

Cyprus on Thursday granted the first hydrocarbon exploitation licence to the consortium that owns the Aphrodite concession, with a view to pipe gas to Egypt and export it in the form of LNG.

The licence, granted to Noble Energy, Shell, and Delek, is for 25 years.

It is based on a development and production plan agreed between the government and the companies.

The plan provides for the gas to be carried to an Egyptian liquefaction facility via an underwater pipeline and exported to Europe and elsewhere in the form of LNG.

 

Related posts

Coronavirus: 165 new cases, no deaths on Sunday

Evie Andreou

‘Multiple benefits from cruises and port services’

Evie Andreou

Elections 2021: Is it time to listen to the lone voices?

Theo Panayides

Creating a land of honey

Jonathan Shkurko

Coronavirus: Drop in cases and hospitalisations among vaccinated elderly

Evie Andreou

Coronavirus: What we think of the SafePass (with video)

Antigoni Pitta