Cyprus and Chevron are at odds over the development of the Aphrodite gas field, with the Cypriot government accusing Chevron of breaching its production-sharing agreement.
Chevron and the Cypriot government are at odds about the development of the Aphrodite natural gas field off the coast of the island nation, with Cyprus claiming Chevron had breached its production-sharing agreement . The news was reported by Energy Intelligence soon after Chevron and its partners in the development of the Aphrodite field submitted a new development plan for the field.
The gas will then be sent into the Egyptian gas distribution system. The Aphrodite field holds an estimated 3.5 trillion cu ft of gas. With the government accusing the field’s operator of a contract breach there is worry the project will fall through, Energy Intelligence reported. “My wish is to see gas produced in Cyprus as soon as possible,” an unnamed source from Cyprus’s state oil and gas company told the publication.
Chevron Aphrodite Gas Field Natural Gas Development Production-Sharing Agreement Contract Breach Energy Dispute Mediterranean Offshore Gas
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