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

Moment of truth for US Congress on govt funding, debt, Biden agenda

Reuters News Service

Red Arrows to stage fly past on Tuesday

Gina Agapiou

Coronavirus: France and Spain move into Orange

George Psyllides

Berliners vote to expropriate large landlords in non-binding referendum

Reuters News Service

Man remanded after Ael clubhouse attacked (updated)

Stavros Nikolaou

China steps up funding oversight of Evergrande property projects

Reuters News Service