CVX-led consortium's updated development plan includes the construction of a floating production unit and the installation of subsea pipelines connecting to Egypt.

Cyprus’ Ministry of Energy, Commerce and Industry, along with Chevron and joint venture partners Shell and NewMed, has ...

The president of Cyprus says a pair of agreements outlining how sizeable natural gas deposits inside Cypriot waters will get ...

Under the deals, production from the Cronos gas field, off Cyprus’s southwest coast, and Aphrodite, located to the southeast, will be transported to Egyptian liquefaction facilities at Idku and ...

According to the MoU, Egas will be the sole buyer of gas from Aphrodite, while the field partners – Chevron, Shell and NewMed – shall be granted an option to purchase specific quantities of ...

where the gas will be processed and then sent onto the Egyptian market.” By contrast, the agreement regarding the Aphrodite field is a memorandum of understanding, which, while it sets out a ...

A second memorandum of understanding outlines a framework of processing gas from Cyprus' offshore Aphrodite field, under licence to a Chevron-led consortium, which will also be sent to Egypt for ...