According to a recent announcement by the Cypriot Ministry of Energy, Trade and Industry, the Minister, Mrs. Natasa Pilidou had on Thursday 21/7/2022, “a meeting at the Ministry of Energy with a delegation of the Chevron consortium, led by the President of Chevron for Research and Production in the Middle East, Africa and South America Mr. Clay Neff.
At the meeting, all issues related to the cooperation between the Republic of Cyprus and Chevron regarding the sustainable and efficient development of the “Aphrodite” field in the EEZ of the Republic were discussed at length.
Subsequently, the Minister and a Chevron delegation held a formal meeting with the Speaker of the Parliament, Ms. Annita Dimitriou, where relevant statements were made.
Joint statement of the Ministry of Energy, Trade and Industry of the Republic of Cyprus and Chevron Cyprus Limited (Chevron).
The Ministry of Energy, Trade and Industry of the Republic of Cyprus and Chevron reaffirm our mutually beneficial cooperation regarding the sustainable and efficient development of the “Aphrodite” field, in the Exclusive Economic Zone (EEZ) of the Republic.
In this direction, the Minister of Energy, Ms. Natasa Pileidou, and the President of Chevron for Research and Production in the Middle East, Africa and South America, Mr. Clay Neff, were received today by the President of the House of Representatives, Ms. Annita Dimitriou, informing her of the “Aphrodite” development work. These works include the execution of a new well in the field within the next months, in the wider context of the approved Development and Production Plan of the field.
Chevron is also in the process of optimizing the Aphrodite field development plan through potential synergies with other infrastructure in the region, thus recognizing the importance of the Eastern Mediterranean gas reserves. The development plan will be submitted to the Minister of Energy for approval by the end of the year.
Additionally, taking into account the current energy environment and the potential for Cyprus and the wider Eastern Mediterranean to make a significant contribution to the security of energy supply and the diversification of Europe’s energy sources, the two parties remain committed to continuing to work together in order to accelerate the timetables for the transfer of the first natural gas from “Aphrodite” to Egypt and to the European markets” states the announcement of the Ministry.
Tell us what you think in the comments!