Aphrodite gas field

The Republic of Cyprus and Chevron have agreed to hold discussions over the next four months in order to seek an amicable solution that ensures the development of the Aphrodite gas field without further delays.

Chevron and its partners, Shell and NewMed Energy, have put forward a new $4 billion plan to develop the Aphrodite gas field off Cyprus. The proposal comes after Cyprus warned it might revoke the license for the project due to delays.

The updated plan aims to address Cyprus' concerns but comes with a significantly higher price tag compared to previous proposals.

A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners said on Monday, after Cyprus gave them a three-month deadline to comply.

A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners has said, after Cyprus gave them a three-month deadline to comply.

Cyprus' Energy Ministry announced on Thursday that it has rejected the proposal Chevron, the managing company of the "Aphrodite" natural gas field, submitted on March 29, about the optimization of the approved development and production plan of the field. 

The Ministry of Energy has set a six-month deadline for the Chevron-led consortium to present a revised proposal regarding the production strategy for the Aphrodite field

Cypriot Energy Minister George Papanastasiou announced on Wednesday that the obstacles in the development plan for the Aphrodite gas field have been overcome, marking progress in Cyprus' energy ambitions.

The Cypriot government and Chevron Corporation are moving forward with the update of the existing development and production plan for the Aphrodite gas field in Cyprus' exclusive economic zone (EEZ).

The Greek Cyprus government and U.S. energy company Chevron have reached a deal on how to develop the Aphrodite gas field, the first to be discovered under the seafloor off Cyprus, an official Friday. The field is estimated to hold 4.2 trillion cubic feet of gas.

The Cyprus government and US energy company Chevron have successfully concluded negotiations on the development of the Aphrodite gas field, marking a significant breakthrough, according to a report by The Associated Press. 

The Aphrodite gas field, the first to be discovered beneath the seafloor off Cyprus, is estimated to hold 4.2 trillion cubic feet of gas.