Cyprus looking forward to role in region’s energy sector
Three presidents and 13 years after the discovery of gas in the Aphrodite field, the government this week clinched a deal with US oil giant Chevron for the development of the ...
Gas drilling to begin mid-January
ExxonMobil’s drilling rig will start drilling in mid-January at the ‘Electra’ target, located in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ), for approximately one month, Energy Minister George Papanastasiou ...
Decision on Aphrodite gas field ‘within days’
Cyprus will respond in the coming days as to whether it will accept Chevron’s development and production plan for the Block 12 Aphrodite gas field, Energy Minister George Papanastasiou said ...
Paphos municipality officially changes name
The municipality of East Paphos has been officially renamed as the municipality of Ierokipias (Holy Garden), mayor Nicos Palios said on Sunday.
The move follows an official announcement in the ...
Timeline set for Aphrodite discussions
The Republic of Cyprus and Chevron have agreed to start discussions at some point in the next four months to reach an agreement over the development of the Aphrodite gas ...
Cyprus rejects Chevron proposal for Aphrodite gas field
Cyprus has rejected the new proposal by consortium Chevron, NewMed Energy, and BG Cyprus (Shell) to develop the ‘Aphrodite’ natural gas field in block 12 of the exclusive economic zone (EEZ), ...
What COP28 developments mean for Cyprus
Natural gas will continue to be part of the energy mix for some time to come, giving the island breathing room to sort out the challenges it faces
COP28, the ...
Government insists FPU included in Aphrodite development (updated)
The construction of a floating production unit (FPU) in Cyprus’ natural gas field Aphrodite is necessary for its development, Energy Minister George Papanastasiou said on Tuesday during a meeting of ...
Minister ‘optimistic’ first Cyprus gas could surface in four years
Energy Minister George Papanastasiou on Tuesday spoke of “cautious optimism” regarding talks with energy giant Chevron over development of the Aphrodite offshore gas field.
Without divulging details of the discussions – ...
Government poised to respond within hours to Chevron in Cyprus gas agreement
In an ongoing back and forth, the government was due to respond to Chevron’s letter in negotiations over the development of the Aphrodite natural gas reservoir on Monday night, ...
Chevron official in Cyprus on Friday in last-ditch effort to salvage Aphrodite deal
Chevron’s director of exploration and production for the Middle East, Africa and South America, Clay Neff, will be in Cyprus on Friday for a slew of meetings with the ...
Crunch time for Aphrodite amid Mid East crisis
The future of Cyprus’ gas beset by war, COP28 and tough negotiations with Chevron
In our region the Israel-Hamas war overshadows most other issues. Right now, it is characterised by ...
Government remains ‘optimistic’ over developing Aphrodite
The government on Tuesday said it remains “optimistic” about the chances of an agreement with oil giants Chevron regarding the development of the Aphrodite gas reservoir offshore Cyprus.
Government spokesman ...
Cyprus declines Chevron’s gas field development proposal
Cyprus rejected Chevron Corp’s plan to develop the island nation’s offshore Aphrodite natural gas field, Bloomberg News reported on Friday, citing Energy Minister Giorgos Papanastasiou.
Papanastasiou told Bloomberg ...
Aphrodite getting closer
Even though the final results of the successful appraisal drilling of the Aphrodite gasfield earlier this year have not yet been formally announced, development of Aphrodite appears to be getting ...
Plan for Aphrodite gas field to be delivered on Wednesday
NewMed Energy, a partner in the Aphrodite gas prospect, will officially announce delivery of their modified development and production plan on Wednesday, the energy minister said on Tuesday.
George Papanastasiou ...
Cyprus and Chevron discuss speeding up Aphrodite exploitation
Talks between the government and US energy giant Chevron appeared to move in a positive direction on Friday, after a meeting at the presidential palace ended on a high note ...
Aphrodite low on list of Chevron’s gas plans for East Med
The importance of the East Med to Chevron’s gas plans was made clear at the company’s ‘2022 4Q Earnings Conference Call’ on January 27 and subsequently at its ‘Investor Presentation’ ...
2027 realistic date for exploiting Aphrodite gas reserves says minister (Updated)
A realistic scenario for when Cyprus can produce natural gas from the Aphrodite gas field is 2027, Energy Minister Natasa Pilides told MPs at the House finance committee on Friday.
Construction ...
€192 million investment in Aphrodite announced
Oil companies operating the Aphrodite gas field have approved a €192 million investment to start drilling, Israeli company NewMed said on Sunday.
The amount will also cover other development costs for ...
Israeli energy minister due in Cyprus to address Aphrodite field dispute
Israeli energy minister Karine Elharrar will be in Cyprus on Monday 19 to address the pending dispute with Nicosia over the Yishai gas field, according to his Cypriot counterpart Natasa Pilides.
...
Paralimni mayor says finds indicate possibility of Aphrodite’s sanctuary
Excavations near a chapel in Protaras have brought to light archaeological finds that may indicate ruins of a sanctuary of Aphrodite, according to Paralimni Mayor Theodoros Pyrillis.
These are being ...
Cyprus and Israel agree to let gas companies thrash out protracted dispute (Updated)
After a nine-year impasse, Israel and Cyprus on Tuesday reached an understanding over gas reserves straddling their maritime border in a development hailed as a “breakthrough” by Israel’s energy ...