Aphrodite Group Secures MOU for Sale of Cypriot Gas to Egypt
A pivotal commercial milestone has been achieved for Cyprus's inaugural offshore gas discovery through a trilateral memorandum of understanding between the Aphrodite consortium, the Cyprus Hydrocarbons Company (CHC), and the Egyptian Natural Gas Holding Company (EGAS). The framework formalizes intentions to transport 100 percent of the reservoir's production directly to Egypt via a subsea pipeline for domestic consumption and LNG re-export. This agreement marks critical alignment between Nicosia, Cairo, and upstream operators, establishing the primary export route required to transition the stranded deepwater asset toward a final investment decision.
Rigzone · July 24, 2026
Chevron sees Cyprus as key to East Mediterranean energy
Chevron has reaffirmed Cyprus's central role in its Eastern Mediterranean gas strategy, signaling renewed momentum for the long-delayed Aphrodite gas field. This development is highly significant as it indicates a stabilization of relations between the US supermajor and the Cypriot government after months of disputes over the field's development plan. By aligning Aphrodite's progression with regional infrastructure, Chevron aims to unlock synergies with its existing Israeli assets, potentially reshaping regional export dynamics.
Cyprus Mail · June 16, 2026
