×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
09
Jun 2026
weather symbol
Athens 25°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Natural gas: Egypt “locks in” all production from the Aphrodite field in Cyprus

Egypt secures all production from the Aphrodite field, enhancing its energy security and investing in new gas transmission infrastructure in the Eastern Mediterranean

Newsroom April 9 07:32

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

Egypt has agreed to purchase all production from Cyprus’s Aphrodite gas field once it comes online in about six years, as the North African country seeks to secure long-term supplies to meet growing demand.

The Egyptian Natural Gas Holding Company signed a preliminary agreement with the companies managing the Aphrodite field, the Cypriot state oil and gas company, and NewMed Energy, which holds a stake in the project, according to a statement.

The field’s partners and Egypt also agreed on a framework to develop a gas transmission system off Egypt’s coast.

Although production from the Aphrodite field is expected to begin in 2031, according to NewMed, Egypt is set to benefit from additional gas volumes as it has become a net importer due to rising demand and declining output from domestic fields. LNG imports have increased, and the country still relies on pipelines carrying gas from Israel.

>Related articles

Leaders of Nordic and Baltic countries support Ukraine’s accession to NATO and the EU

Shootdown or Accident? Mystery Surrounds U.S. Apache Crash in the Strait of Hormuz

Socrates and Confucius “met” in Athens in a celebration of Greek and Chinese culture

Supplies from Israel recently resumed after a roughly one-month hiatus, as fields that had been temporarily shut down due to the war in the Middle East came back online. Similar disruptions in the past have prompted Egypt to secure additional LNG cargoes from international markets.

Cairo and the Aphrodite field partners will establish a company in Egypt called Aphrodite Midstream Company, which will be responsible for implementing the offshore gas transmission system, according to Thursday’s announcement.

NewMed holds a 30% stake in the Aphrodite field license, while Chevron and Shell each hold 35%, according to the company’s website.

Ask me anything

Explore related questions

#cyprus#diplomacy#economy#egypt#energy#eu#europe#greece#Middle East#Natural Gas#politics#world
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Leaders of Nordic and Baltic countries support Ukraine’s accession to NATO and the EU

June 9, 2026

Shootdown or Accident? Mystery Surrounds U.S. Apache Crash in the Strait of Hormuz

June 9, 2026

Socrates and Confucius “met” in Athens in a celebration of Greek and Chinese culture

June 9, 2026

EU prepares 21st sanctions package against Russia: Energy, banking, and fisheries in the crosshairs

June 9, 2026

Trump: Iran shot down a US helicopter in the Strait of Hormuz, we must respond

June 9, 2026

JPMorgan scandal: Banker who accuses his supervisor of sexual humiliation to file new lawsuit

June 9, 2026

Bag made from Tyrannosaurus fossils expected to fetch up to $500,000 at Paris auction

June 9, 2026

Aegio murder case: Shirt of 65-year-old found with possible blood stains, scratch marks on his hands – He denies involvement

June 9, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα