Tags: Aphrodite gas field, Cyprus, NewMed Energy, Chevron, Shell, natural gas, floating production facility, Block 12, Egyptian transmission system, oil and gas development
Excerpt: The consortium behind the Aphrodite natural gas field has submitted a $4 billion development plan to the Cypriot government. Revised by NewMed Energy, Chevron, and Shell, the plan involves constructing a floating production facility above the reservoir, aiming for a daily output of 800 million cubic feet. Natural gas will be piped to Egypt's transmission system, with Aphrodite holding an estimated 3.6 trillion cubic feet of gas.
