Latest news with #Christodoulides
See - Sada Elbalad
08-04-2025
- Business
- See - Sada Elbalad
Chevron to survey east Mediterranean seabed for pipeline linking gas field to Egypt, Cyprus says
Basant Ahmed Energy company Chevron will begin a survey of the east Mediterranean seabed early this summer to prepare for a pipeline connecting a sizable natural gas deposit in Cyprus waters with processing facilities in Egypt, Cypriot officials said Monday, The Associated Press reported. Chevron CEO Mike Wirth told Cypriot President Nikos Christodoulides in a meeting at Chevron headquarters in Houston the survey will proceed according to a set timetable. No further details were disclosed in a statement issued by Cypriot government spokesman Konstantinos Letymbiotis. The pipeline will link Cyprus' Aphrodite field -- estimated to contain up to 4.5 trillion cubic feet of natural gas -– with an undisclosed facility on Egypt's coastline. Christodoulides was in Houston as part of a weeklong trip to the U.S. to solicit investment in the east Mediterranean island nation. Chevron and partners Shell and Israeli NewMed Energy are in charge of developing Aphrodite, which was discovered in 2011 some 160 km (100 miles) off Cyprus' southern coastline, within the island's exclusive economic zone. In February, Chevron, NewMed and Shell signed an agreement with Egypt outlining the framework under which Aphrodite will be developed. The agreement came after the Cypriot government and the Chevron-led consortium approved a revised production plan that includes a floating platform to process extracted gas as well as the pipeline to Egypt. Christodoulides told Wirth that Aphrodite's development is a priority for the Cypriot government 'as it highlights the importance of our country as a new source of supply for the needs of neighboring countries but also the European Union,' the statement said. Chevron officials said Aphrodite is an 'important part of the energy company's portfolio of activities in the eastern Mediterranean, a region that is part of Chevron's future plans and priorities,' it said. Chevron is the only energy company that operates in Cyprus, Israel, Egypt and Greece. ExxonMobil and partner Qatar Petroleum hold exploration licenses for two blocks where they have discovered at least one sizable gas field and are currently drilling a second. A consortium made up of Italy's Eni and French Total holds exploration licenses for four blocks and have discovered the Cronos deposit, estimated to hold more than 3 trillion cubic feet of gas. In November, Cyprus Energy Minister George Papanastasiou said that ExxonMobil, Eni and Total could partner up to jointly develop gas deposits in close proximity to each other. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) News Israeli PM Diagnosed with Stage 3 Prostate Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Washington Post
07-04-2025
- Business
- Washington Post
Chevron to survey east Mediterranean seabed for pipeline linking gas field to Egypt, Cyprus says
NICOSIA, Cyprus — Energy company Chevron will begin a survey of the east Mediterranean seabed early this summer to prepare for a pipeline connecting a sizable natural gas deposit in Cyprus waters with processing facilities in Egypt, Cypriot officials said Monday. Chevron CEO Mike Wirth told Cypriot President Nikos Christodoulides in a meeting at Chevron headquarters in Houston the survey will proceed according to a set timetable. No further details were disclosed in a statement issued by Cypriot government spokesman Konstantinos Letymbiotis. The pipeline will link Cyprus' Aphrodite field -- estimated to contain up to 4.5 trillion cubic feet of natural gas -– with an undisclosed facility on Egypt's coastline. Christodoulides was in Houston as part of a weeklong trip to the U.S. to solicit investment in the east Mediterranean island nation. Chevron and partners Shell and Israeli NewMed Energy are in charge of developing Aphrodite, which was discovered in 2011 some 160 km (100 miles) off Cyprus' southern coastline, within the island's exclusive economic zone. In February, Chevron, NewMed and Shell signed an agreement with Egypt outlining the framework under which Aphrodite will be developed. The agreement came after the Cypriot government and the Chevron-led consortium approved a revised production plan that includes a floating platform to process extracted gas as well as the pipeline to Egypt. Christodoulides told Wirth that Aphrodite's development is a priority for the Cypriot government 'as it highlights the importance of our country as a new source of supply for the needs of neighboring countries but also the European Union,' the statement said. Chevron officials said Aphrodite is an 'important part of the energy company's portfolio of activities in the eastern Mediterranean, a region that is part of Chevron's future plans and priorities,' it said. Chevron is the only energy company that operates in Cyprus, Israel, Egypt and Greece. ExxonMobil and partner Qatar Petroleum hold exploration licenses for two blocks where they have discovered at least one sizable gas field and are currently drilling a second. A consortium made up of Italy's Eni and French Total holds exploration licenses for four blocks and have discovered the Cronos deposit, estimated to hold more than 3 trillion cubic feet of gas. In November, Cyprus Energy Minister George Papanastasiou said that ExxonMobil, Eni and Total could partner up to jointly develop gas deposits in close proximity to each other.
The Hill
07-04-2025
- Business
- The Hill
Chevron to survey east Mediterranean seabed for pipeline linking gas field to Egypt, Cyprus says
NICOSIA, Cyprus (AP) — Energy company Chevron will begin a survey of the east Mediterranean seabed early this summer to prepare for a pipeline connecting a sizable natural gas deposit in Cyprus waters with processing facilities in Egypt, Cypriot officials said Monday. Chevron CEO Mike Wirth told Cypriot President Nikos Christodoulides in a meeting at Chevron headquarters in Houston the survey will proceed according to a set timetable. No further details were disclosed in a statement issued by Cypriot government spokesman Konstantinos Letymbiotis. The pipeline will link Cyprus' Aphrodite field — estimated to contain up to 4.5 trillion cubic feet of natural gas -– with an undisclosed facility on Egypt's coastline. Christodoulides was in Houston as part of a weeklong trip to the U.S. to solicit investment in the east Mediterranean island nation. Chevron and partners Shell and Israeli NewMed Energy are in charge of developing Aphrodite, which was discovered in 2011 some 160 km (100 miles) off Cyprus' southern coastline, within the island's exclusive economic zone. In February, Chevron, NewMed and Shell signed an agreement with Egypt outlining the framework under which Aphrodite will be developed. The agreement came after the Cypriot government and the Chevron-led consortium approved a revised production plan that includes a floating platform to process extracted gas as well as the pipeline to Egypt. Christodoulides told Wirth that Aphrodite's development is a priority for the Cypriot government 'as it highlights the importance of our country as a new source of supply for the needs of neighboring countries but also the European Union,' the statement said. Chevron officials said Aphrodite is an 'important part of the energy company's portfolio of activities in the eastern Mediterranean, a region that is part of Chevron's future plans and priorities,' it said. Chevron is the only energy company that operates in Cyprus, Israel, Egypt and Greece. ExxonMobil and partner Qatar Petroleum hold exploration licenses for two blocks where they have discovered at least one sizable gas field and are currently drilling a second. A consortium made up of Italy's Eni and French Total holds exploration licenses for four blocks and have discovered the Cronos deposit, estimated to hold more than 3 trillion cubic feet of gas. In November, Cyprus Energy Minister George Papanastasiou said that ExxonMobil, Eni and Total could partner up to jointly develop gas deposits in close proximity to each other.
Yahoo
07-04-2025
- Business
- Yahoo
Chevron to survey east Mediterranean seabed for pipeline linking gas field to Egypt, Cyprus says
NICOSIA, Cyprus (AP) — Energy company Chevron will begin a survey of the east Mediterranean seabed early this summer to prepare for a pipeline connecting a sizable natural gas deposit in Cyprus waters with processing facilities in Egypt, Cypriot officials said Monday. Chevron CEO Mike Wirth told Cypriot President Nikos Christodoulides in a meeting at Chevron headquarters in Houston the survey will proceed according to a set timetable. No further details were disclosed in a statement issued by Cypriot government spokesman Konstantinos Letymbiotis. The pipeline will link Cyprus' Aphrodite field -- estimated to contain up to 4.5 trillion cubic feet of natural gas -– with an undisclosed facility on Egypt's coastline. Christodoulides was in Houston as part of a weeklong trip to the U.S. to solicit investment in the east Mediterranean island nation. Chevron and partners Shell and Israeli NewMed Energy are in charge of developing Aphrodite, which was discovered in 2011 some 160 km (100 miles) off Cyprus' southern coastline, within the island's exclusive economic zone. In February, Chevron, NewMed and Shell signed an agreement with Egypt outlining the framework under which Aphrodite will be developed. The agreement came after the Cypriot government and the Chevron-led consortium approved a revised production plan that includes a floating platform to process extracted gas as well as the pipeline to Egypt. Christodoulides told Wirth that Aphrodite's development is a priority for the Cypriot government 'as it highlights the importance of our country as a new source of supply for the needs of neighboring countries but also the European Union,' the statement said. Chevron officials said Aphrodite is an 'important part of the energy company's portfolio of activities in the eastern Mediterranean, a region that is part of Chevron's future plans and priorities,' it said. Chevron is the only energy company that operates in Cyprus, Israel, Egypt and Greece. ExxonMobil and partner Qatar Petroleum hold exploration licenses for two blocks where they have discovered at least one sizable gas field and are currently drilling a second. A consortium made up of Italy's Eni and French Total holds exploration licenses for four blocks and have discovered the Cronos deposit, estimated to hold more than 3 trillion cubic feet of gas. In November, Cyprus Energy Minister George Papanastasiou said that ExxonMobil, Eni and Total could partner up to jointly develop gas deposits in close proximity to each other. Sign in to access your portfolio
Associated Press
07-04-2025
- Business
- Associated Press
Chevron to survey east Mediterranean seabed for pipeline linking gas field to Egypt, Cyprus says
NICOSIA, Cyprus (AP) — Energy company Chevron will begin a survey of the east Mediterranean seabed early this summer to prepare for a pipeline connecting a sizable natural gas deposit in Cyprus waters with processing facilities in Egypt, Cypriot officials said Monday. Chevron CEO Mike Wirth told Cypriot President Nikos Christodoulides in a meeting at Chevron headquarters in Houston the survey will proceed according to a set timetable. No further details were disclosed in a statement issued by Cypriot government spokesman Konstantinos Letymbiotis. The pipeline will link Cyprus' Aphrodite field -- estimated to contain up to 4.5 trillion cubic feet of natural gas -– with an undisclosed facility on Egypt's coastline. Christodoulides was in Houston as part of a weeklong trip to the U.S. to solicit investment in the east Mediterranean island nation. Chevron and partners Shell and Israeli NewMed Energy are in charge of developing Aphrodite, which was discovered in 2011 some 160 km (100 miles) off Cyprus' southern coastline, within the island's exclusive economic zone. In February, Chevron, NewMed and Shell signed an agreement with Egypt outlining the framework under which Aphrodite will be developed. The agreement came after the Cypriot government and the Chevron-led consortium approved a revised production plan that includes a floating platform to process extracted gas as well as the pipeline to Egypt. Christodoulides told Wirth that Aphrodite's development is a priority for the Cypriot government 'as it highlights the importance of our country as a new source of supply for the needs of neighboring countries but also the European Union,' the statement said. Chevron officials said Aphrodite is an 'important part of the energy company's portfolio of activities in the eastern Mediterranean, a region that is part of Chevron's future plans and priorities,' it said. Chevron is the only energy company that operates in Cyprus, Israel, Egypt and Greece. ExxonMobil and partner Qatar Petroleum hold exploration licenses for two blocks where they have discovered at least one sizable gas field and are currently drilling a second. A consortium made up of Italy's Eni and French Total holds exploration licenses for four blocks and have discovered the Cronos deposit, estimated to hold more than 3 trillion cubic feet of gas. partner up to jointly develop gas deposits in close proximity to each other.
