All News Rigzone · September 4, 2026 (Sep 4) · 1 min read ADNOC Keeps Loading LNG Tankers in Gulf Read on Rigzone Share: Latest Coverage Chevron, Egypt Ink Fiscal Agreement for Aphrodite Gas Project The signing of a fiscal framework between Chevron and the Egyptian government marks a definitive shift for the Aphrodite project, moving it closer to a Final Investment Decision (FID) than ever before. By securing the financial terms for gas transit and processing within Egypt, the partners have cleared a major regulatory hurdle that has historically stalled the field's development. This agreement reinforces Egypt's role as the primary energy hub for Eastern Mediterranean gas exports to global markets. Offshore Engineer · October 21, 2026 Aphrodite development might be best left on hold, warns analyst The Aphrodite gas field development faces a critical economic impasse as operator Chevron reportedly triples its requested pipeline transit tariff to $3 per mmbtu. This move, coupled with a two-year delay in the Final Investment Decision (FID) now targeted for 2028, suggests the project is being deprioritized in favor of more lucrative global assets. For Cyprus, these demands threaten to erode the state's share of revenues to the point of commercial insignificance, necessitating a tough stance in ongoing negotiations. Cyprus Mail · October 19, 2026 Turkish Cypriot fuel workers’ strike ends with layoff decisions reversed Cyprus Mail · October 17, 2026 Cooking oil recycling raises €770,000 for schools Cyprus Mail · October 15, 2026 View all news → ← Previous UK subsea contractor’s fleet grows with another SMD ROV Next → Three-fold resource surge sharpens focus on Tetragon’s gas play offshore Philippines