Related Articles
Forward article link
Share PDF with colleagues

Cyprus: long wait for celebration

The rising prospect of East Med natural gas sales is lifting Cyprus' hopes of finding a market, despite Turkish threats

A string of recent developments in the East Mediterranean offshore have raised the possibility of a gas find off Cyprus made in December 2011 finally being developed. The Aphrodite field in Block 12, located 100 miles (160 km) south of the island, contains 5 trillion cubic feet of natural gas. Operator Noble Energy has been unable to proceed with a final investment decision because it has failed to find a market that would justify the expense of developing a relatively small discovery at the bottom of 2,000 metres of sea. Noble has also made slow progress in finding markets for its two operations offshore Israel, the Tamar field (with reserves of 11 trillion cf) and the giant Leviathan fiel

Also in this section
Latest licensing rounds
2 July 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Methane rises on investors’ risk radar
20 June 2018
Methane emissions are forming an important part of investors' broader climate change strategy
Tech firms jostle for a slice of the FLNG pie
12 June 2018
BHGE, Black and Veatch, TechnipFMC and a host of other firms are honing their FLNG products