- 18 January, 2025
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Cyprus - EastMed Energies
Cyprus Accelerates Aphrodite Field Development
The consortium licensed for the development of Cyprus’s Aphrodite gas field will update the development and production plan by March 31st, as Cypriot Minister of Energy, Commerce and Industry, George Papanastasiou, revealed, according to ekathimerini. The minister explained that a floating production unit (FPU) above the field would be a significant plan of the new […]
Greece-Cyprus Electricity Interconnection Attracts Global Investors
The Greek-Cypriot electricity interconnection, which is a €1.9 billion project, attracted the interest of European and non-European investors. This comes following the placement of the Independent Power Transmission Operator (ADMIE) in charge of the project’s implementation, ekathimerini website reported. “Since ADMIE assumed the role of implementing body, there has been very strong investment interest, which […]
Cypriot Government, Chevron Reach Agreement for Aphrodite Gas Field
The government of Cyprus and Chevron have reached an agreement for the development of the ‘Aphrodite’ gas field in block 12 of the country’s exclusive economic zone (EEZ). The negotiations between the two parties have been ongoing for several months, with the government initially rejecting proposed amendments from the company. However, with the deadline proposed […]
Chevron, Cyprus Reach Agreement for Aphrodite Development
Chevron and the Cypriot government sealed a deal for methods to develop the Aphrodite gas field, which is estimated to have 4.2 trillion cubic feet of gas, according to the Associated Press. According to the agreement, both Cyprus and Chevron will have mutual benefit, a Cypriot official revealed, not disclosing further details. Cypriot energy ministry […]
EU Proposes EastMed Gas Pipeline to Greece
The European Commission has included a proposed pipeline connecting gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its list of Projects of Common Interest (PCI). This means that the project will have access to a fast-track permitting process and special funding. The project is sponsored by energy group Edison and […]
Cyprus Grants Seven-Day Extension to Chevron to Reach Agreement over Aphro ...
The Cypriot government granted Chevron Corporation, Aphrodite gas field operator, a seven-day extension to reach an agreement for the field’s development plan, according to a statement by a partner in the consortium NewMed Energy reported in ekathimerini. Chevron Cyprus Limited has received a letter from the Giorgos Papanastasiou, Cypriot Minister of Energy, which grants the […]
Cyprus Responds to Chevron’s Request to Extend Negotiations over Aph ...
Cyprus has responded to a request from international energy companies led by Chevron to extend the negotiations about the modified development plan for its Aphrodite offshore gas field, Reuters reported in reference to a statement by George Papanastasiou, Cyprus’s Minister of Energy. “We responded to a letter by the company seeking an extension which we received last […]
HELLENiQ Energy Acquires 6 Photovoltaic Parks in Cyprus
HELLENiQ Energy has revealed its acquisition of six photovoltaic parks in Cyprus, a development that will increase the total capacity of its renewable energy sources portfolio to exceed 40 MW in Cyprus, SolarQuarter reported. The strategic acquisition was closed by its subsidiary HELLENiQ Renewables, marking the group’s fifth international renewable energy resources investment and its second in […]
Cyprus, Israel, Greece Mull Energy Cooperation
Cyprus, Greece, and Israel agreed to strengthen regional energy cooperation following the Ninth Trilateral Summit on the 4th of Sep in Nicosia focusing on exports to Europe, especially natural gas, and renewables. “We agreed that the energy sector, and in particular, natural gas, electricity and renewable energy, is a solid foundation for cooperation in the […]
The Promising Future of Cypriot Gas
The discovery of vast natural gas reserves in the Eastern Mediterranean has positioned Cyprus as a significant player in the global energy market.
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