Categories: CYPRUSGreek NEWS

Chevron’s Plan to Develop Cyprus’ Aphrodite Gas Field Rejected, Negotiations to Begin

Published by
Gct

According to Bloomberg News, Cyprus has rejected Chevron Corp’s proposal to develop the Aphrodite natural gas field offshore. However, Energy Minister Giorgos Papanastasiou has stated that discussions can now begin, with the goal of reaching an agreement within 30 days. The plan, which involved a consortium led by Chevron and including Shell and NewMed Energy, aimed to connect the gas field to an existing processing facility in Egypt through a subsea pipeline. Aphrodite, located around 170 km from Limassol, was discovered over a decade ago and is estimated to hold around 124 billion cubic meters of gas.

Ads1

Ads1
Gct

Recent Posts

American Airlines plane ‘split in half’ in Washington DC in collision with Black Hawk helicopter on training flight

An American Airlines regional passenger jet has crashed into a military helicopter while attempting to…

16 minutes ago

Hobart’s Estia Festival Brings Greek Culture to Life This Weekend

Hobart’s Estia Festival is set to bring Greek culture to life this weekend, offering a…

24 minutes ago

Passenger jet collides with helicopter while trying to land at Reagan National Airport

Search and rescue efforts were underway in the Potomac River after a plane carrying 64…

1 hour ago

BREAKING: American Airlines Flight 5342 has collided with a Sikorsky H-60 helicopter near Washington DC airport

Sean Duffy, the new Secretary of Transportation, is at the airplane crash site in Washington,…

2 hours ago

Aussie Cricket Great Criticizes Decision to Drop Sam Konstas from Sri Lanka Test Opener

Former Australian captain Ricky Ponting has slammed the decision to drop rising star Sam Konstas…

2 hours ago

Maria Sakkari Dominates Tomova to Reach WTA Linz Quarter-Finals

Maria Sakkari kicked off her WTA Linz campaign with a dominant performance, securing a spot…

3 hours ago