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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.
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Cyprus and Chevron-Led Group Extend Talks over Gas Plan
Cyprus and a group of energy companies led by Chevron will extend discussions on the development of the Aphrodite offshore gas field amid positive negotiations, the energy minister said Sep. 29, according to Reuters.
- "It is not a new negotiating round, it's an extension, because there is progress in the conversation," Energy Minister George Papanastasiou said to Reuters.
- The project has been delayed by disagreements over proposed changes to Chevron’s initial plan, which removed a floating gas plant and cut the production wells from five to three, Reuters said.
- The project’s goal is to link the Aphrodite field via pipeline to Egypt, where the gas will be either sold domestically or exported as LNG.
To read the full story
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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.