Cyprus–Israel Aphrodite gas deal nears completion
The formulation of a bilateral agreement between Cyprus and Israel on the management of the Aphrodite-Ishai gas fields “appears to be in the final stages,” the state-run news agency said ...
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Cyprus-Israel gas field agreement edges closer
The formulation of an intergovernmental agreement between Cyprus and Israel for the management of the Aphrodite-Ishai gas field is in the final stages, Energy Minister George Papanastasiou said on Wednesday.
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President and Chevron reaffirm support for development of ‘Aphrodite’ in New York
President Nikos Christodoulides and Vice President of Chevron Frank Kasalo, reaffirmed their support for the development of the Aphrodite gas field in Cyprus’ exclusive economic zone, it was reported on ...
Natural resource blessing or curse? The case of Cyprus
The discovery of the highly promising Aphrodite gas field in 2011 presented Cyprus with economic and political opportunities, while at the same time it risked a worsening of its already tense ...
Israel receives breach of contract notice over Aphrodite gas field
The Israeli partners in the consortium holding the concession on the Aphrodite offshore gas reservoir confirmed on Monday that they had received from the Cypriot government a ‘notice of breach’ ...
‘Point of contention overcome’ for Aphrodite gas field
The point of contention has been “overcome” regarding the development of the Aphrodite gas field off the coast of Cyprus, Energy Minister George Papanastasiou said on Wednesday.
Speaking after a ...
Government allows Chevron until end of March for gas deal
The government has granted energy giants Chevron, operators of the Aphrodite gas field offshore Cyprus, an extension until the end of March 2024 to submit an ‘optimal development plan’, it emerged ...
Government and Chevron reach agreement for ‘Aphrodite’ gas field
The government and Chevron have agreed on the terms for developing the ‘Aphrodite’ gas field in block 12 of Cyprus’ exclusive economic zone (EEZ), the energy ministry announced on Friday.
Negotiations ...
Friday deadline for Chevron on Aphrodite gas deal
The government has given energy giant Chevron until Friday to put its position in writing concerning the commercial development of the offshore Aphrodite gas field, the energy minister revealed on ...
Government favours clean slate at natural gas board
Energy Minister George Papanastasiou said on Thursday that he is much more optimistic about reaching an agreement with Chevron over the development of Aphrodite natural gas field.
He added that ...
Our View: Swift end needs to be found to Chevron exchange
The saga of the Aphrodite gas field continues, although according to the latest information from Energy Minister Giorgos Papanastasiou, there is a possibility it would reach its conclusion, in some ...
November 20 set for Aphrodite gas decision
Israel’s Newmed Energy LP announced on Wednesday that the final decisions regarding the development of the ‘Aphrodite’ gas field will be made on November 20.
The company also said that ...
In Chevron proposal, Cyprus suggests sharing gas production unit
Energy Minister George Papanastasiou revealed on Tuesday what Cyprus’ proposal to break the deadlock with Chevron’s negotiations on the Aphrodite gas field entails.
In an interview with AlphaNews, he ...
Energy minister optimistic over Aphrodite gas field solution
Energy Minister George Papanastasiou said on Wednesday he believed a solution will be found to issues that arose with Chevron and the state over development plans of the Aphrodite gas ...
Minister explains rejection of Aphrodite gas proposal
The government has rejected the latest proposal on developing the Aphrodite gas play as it tilts the scales in favour of the companies holding the concession while at the same ...
Positive data from latest drilling says minister
The recent appraisal well drilled at the Aphrodite reservoir appears to confirm previous estimates on the amount of recoverable gas there, the government said on Tuesday.
“The data looks positive. ...
Positive news expected from Aphrodite field
Positive news is expected from the findings of the third drill in the Aphrodite natural gas field in Cyprus’ exclusive economic zone (EEZ), to test the quality and quantity of ...
Aphrodite gasfield has certainly resurfaced
Despite challenges, the latest plans for the development of Aphrodite are more serious and realistic
Aphrodite is back in the limelight. On May 31 NewMed submitted an updated development plan to ...
Energy minister defends prioritising gas imports (Updated)
Energy Minister George Papanastasiou dismissed media reports on Wednesday which downplayed the government’s reorientation on energy as “wrong”, stating that energy companies and the government are on the same ...
Supply of natural gas from the Aphrodite reservoir expected in 2027
The Aphrodite reservoir offshore Cyprus has a part to play in meeting growing global demand for natural gas, a senior Israeli energy executive has said.
Yossi Abu, CEO of NewMed ...
Chevron begins drilling second appraisal well offshore Cyprus
Oil major Chevron have begun drilling an appraisal well, the second, at their Aphrodite gas discovery offshore Cyprus, media reports said on Thursday.
Estimated to cost about €100 million, the drill ...
New offshore drilling at Aphrodite field announced (updated)
By Elias Hazou and Nick Theodoulou
Oil major Chevron and the Cyprus government said on Thursday they are committed to speeding up development of the offshore Aphrodite gas field, with ...