logo
#

Latest news with #Phileleftheros

Cyprus approves Chevron survey for Aphrodite gas pipeline to Egypt
Cyprus approves Chevron survey for Aphrodite gas pipeline to Egypt

See - Sada Elbalad

time3 days ago

  • Business
  • See - Sada Elbalad

Cyprus approves Chevron survey for Aphrodite gas pipeline to Egypt

Basant Ahmed Cyprus has completed licensing procedures for Chevron to begin seabed surveys within Block 12 of the country's exclusive economic zone for a pipeline connecting the Aphrodite gas field to Egyptian infrastructure. The surveys will commence on 4 June and continue until late October 2025, according to information obtained by Phileleftheros. Chevron will conduct the research using the KOBI RUEGG vessel, which specialises in seabed surveys and technical data collection for offshore projects. The Bahamas-flagged vessel is already positioned in the area and will gather technical data for the natural gas pipeline to Egypt. A navigation warning (navtex) will be issued shortly to notify maritime traffic of the survey operations. The development follows reactivation of the Aphrodite consortium's agreement with Cyprus in February, after being frozen since 2019. The partnership includes Chevron Cyprus Limited, NewMed Energy LP, and BG Cyprus Limited. A memorandum of understanding signed in Cairo in February between Cyprus, Egypt, and the Aphrodite consortium established the framework for commercialising the Aphrodite natural gas field through Egyptian infrastructure. The surveys are a step toward developing Cyprus's offshore gas resources, which have remained largely untapped since their discovery. The Aphrodite field contains an estimated 4.1 trillion cubic feet of natural gas reserves. Chevron's pipeline project aims to transport gas from the Aphrodite field to existing Egyptian liquefaction facilities, providing an export route for Cypriot gas to international markets. The survey operations will gather data on seabed conditions and pipeline routing options for the proposed subsea infrastructure linking Cyprus and Egyptian waters. 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 Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with 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 Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store