FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Aphrodite Gas Project Faces Renewed Uncertainty: Platts

NATGAS

Cyprus’ much-delayed Aphrodite gas development project is facing renewed uncertainty after the Cypriot Energy Ministry rejected the latest optimised development plan, Platt said.

  • Aphrodite – one of several large gas finds offshore Cyprus - was discovered in 2011.
  • The most recent negotiations have been ongoing since August when the government rejected Chevron’s revised development plan for the field.
  • The most recent dispute centred on Chevron’s proposal to have less infrastructure at the field than envisaged in the original development plan.
  • Israel's NewMed holds a 30% stake in the project alongside Chevron with 35% and Shell, also with 35%.
  • The dispute over Aphrodite comes as the EU continues seek alternative gas suppliers to replace lost Russian gas.
Energy BulletsPower BulletsCommodities
Energy BulletsPower BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.