Aphrodite gas field off Cyprus to be linked to Egypt, NewMed says

Published by
Bill Giannopoulos

The offshore Aphrodite natural gas field being developed in Cypriot waters will be connected to an existing processing and production facility in Egypt via a subsea pipeline, one of the partners in the project said on Wednesday.

NewMed Energy said it had submitted with partners Chevron and Shell a development plan for Cypriot government approval. The group met the Cypriot energy minister on Monday to discuss progress.

“The updated plan is expected to accelerate and reduce the cost of development,” NewMed said.

Aphrodite, discovered more than a decade ago about 170 km (105 miles) from Limassol, holds an estimated 124 billion cubic metres of gas. NewMed has a 30% stake in the field, while Chevron and Shell each hold a 35% share.

The group said earlier this month that it had begun drilling an exploration well meant to confirm the estimates. It would later be used for production.
Chevron said in a statement it was “currently working to progress the Aphrodite project.”

“Beyond this, it is not our policy to comment on commercial matters,” it said.

Source Reuters

Ads1
Ads1

Greek City Times 2025
Bill Giannopoulos

Recent Posts

LP.8.1 Variant Surges to Nearly One in Five COVID-19 Cases in New South Wales

LP 8.1 was first detected in July 2024 and is now the third most prevalent…

2 minutes ago

Apple Watch Cellular Plans Debut in Greece

Apple Watch cellular plans have launched in Greece, with Cosmote offering eSIM activation for the…

10 minutes ago

Archbishop Georgios Slams MEP Panayiotou for Misguided Role and Turkey’s Influence

The Archbishop of Cyprus, Georgios, lambasted Cypriot MEP Feidias Panayiotou, accusing him of acting as…

17 minutes ago

Peter Mamouzelos on Greece’s Rugby League Ban and His Hopes to Play on Home Soil

Peter Mamouzelos, South Sydney Rabbitohs hooker, shares his dream of playing rugby league in Greece,…

31 minutes ago

Cyprus Peace Talks: Small Steps Forward, But Deep Divisions Remain

Cyprus remains divided since Turkey’s 1974 invasion, and while recent UN-hosted talks between Greek and…

42 minutes ago

EastMed Pipeline Revival: A New Era in Eastern Mediterranean Energy Strategy

The potential revival of the EastMed pipeline under Donald Trump’s leadership signals a renewed push…

2 hours ago