{"id":605557,"date":"2023-09-03T00:00:00","date_gmt":"2023-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/03\/us-backs-chevrons-plans-for-aphrodite-gas-field-sans-floating-terminal\/"},"modified":"2023-09-03T00:00:00","modified_gmt":"2023-09-03T00:00:00","slug":"us-backs-chevrons-plans-for-aphrodite-gas-field-sans-floating-terminal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/03\/us-backs-chevrons-plans-for-aphrodite-gas-field-sans-floating-terminal\/","title":{"rendered":"US backs Chevron\u2019s plans for Aphrodite gas field \u2014 sans floating terminal"},"content":{"rendered":"

US weighs in on Aphrodite gas field dispute: <\/strong>Washington is backing US oil and gas giant Chevron\u2019s plans to develop Cyprus\u2019 massive Aphrodite natural gas field \u2014 which include building a pipeline linking the field to Egypt \u2014 after Cyprus turned down<\/a> the plans last week, Reuters<\/a> reports, citing two industry sources and a US source. <\/p>\n

Cyprus\u2019 problem: <\/strong> Cyprus wants Chevron to stick to its previous plan to build a floating gas processing plant at the Aphrodite field. \u201cThe modification has been rejected. The expectation of the Republic of Cyprus is [that] the consortium honors what was mutually agreed by the parties in 2019,\u201d Cypriot Energy Minister Giorgos Papanastasiou was quoted as telling Reuters.<\/p>\n

REMEMBER- <\/strong>The consortium developing the Aphrodite field \u2014 Chevron, Shell, and NewMed Energy \u2014 in June<\/a> ditched plans for a floating facility in favor of a subsea pipeline connecting the Aphrodite field to Egypt\u2019s LNG facilities, allowing the gas to be liquefied and exported to Europe. Chevron and Shell both own 35% of the field, while Israel\u2019s NewMed Energy holds the remaining 30%. The parties were given 30 days<\/a> to reach a new agreement after Cyprus last week rejected the modified plan. <\/p>\n

Egypt has been planning a pipeline for some time: <\/strong>Egypt and Cyprus have been talking about laying a pipeline for several years, which Oil Minister Tarek El Molla last year said would be up and running by 2025<\/a>.<\/p>\n

The US standpoint: <\/strong> The US believes linking Aphrodite to Egypt will enable faster delivery of gas to the market with a lower carbon footprint and could also help relieve summer energy shortages here. \u201cConnecting [Aphrodite] to Egypt will help them with peak domestic consumption in the summer, add stability and reduce tensions in the region, and allow exports for Europe,\u201d the US source told Reuters.<\/p>\n

We want the gas: <\/strong>Domestic gas shortages have this year hampered Egypt\u2019s efforts<\/a> to ramp up exports of LNG to Europe as it looks to move away from Russian fossil fuels.The government hopes to increase oil and gas exports by 15% both this year and next to hit USD 24 bn in 2024. We\u2019re set to get more gas<\/a> from Israel to help meet those ambitious export targets, and the government is encouraging multinational firms to invest in more upstream exploration<\/a>. That said, Cairo is reportedly unwilling to allow Cypriot gas to take up a sizable portion of its export capacity. <\/p>\n","protected":false},"excerpt":{"rendered":"

Cyprus wants Chevron to stick to plans to build a floating LNG facility<\/p>\n","protected":false},"author":1,"featured_media":605558,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[780,6791,93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-chevron","tag-egypt-cyprus-relations","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"418c847f-5cd5-4dfb-afa0-39291974d258","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/7.jpg","photo_position":"above","homepage_title":"","full_issue_title":"US backs Chevron\u2019s plans to link Cypriot gas field to Egypt","related_issue":[605552],"teaser":"Cyprus wants Chevron to stick to plans to build a floating LNG facility","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.31941c2c-f721-478c-8e84-a775993f4837.mp3"},"yoast_head":"\nUS backs Chevron\u2019s plans for Aphrodite gas field \u2014 sans floating terminal - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/03\/us-backs-chevrons-plans-for-aphrodite-gas-field-sans-floating-terminal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US backs Chevron\u2019s plans for Aphrodite gas field \u2014 sans floating terminal\" \/>\n<meta property=\"og:description\" content=\"Cyprus wants Chevron to 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fields","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1759.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587787,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/01\/newmed-and-partners-to-build-egypt-cyprus-gas-pipeline\/","url_meta":{"origin":605557,"position":1},"title":"NewMed and partners to build Egypt-Cyprus gas pipeline","author":"enterpriseam admin","date":"1 June 2023","format":false,"excerpt":"The pipeline could boost our LNG exports to Europe","rel":"","context":"In 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"Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1470.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581656,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/19\/chevron-is-trying-to-figure-out-a-way-of-exporting-cypriot-gas-via-egypt\/","url_meta":{"origin":605557,"position":3},"title":"Chevron is trying to figure out a way of exporting Cypriot gas via Egypt","author":"enterpriseam admin","date":"19 February 2023","format":false,"excerpt":"Chevron takes a step forward on plans to process Cypriot gas here: Chevron has officially requested permission from Shell to use its underutilized West Delta Deep Marine (WDDM) facilities on Egypt\u2019s Mediterranean coast to process gas from Cyprus\u2019 Aphrodite field, oil and gas publication MEES reports. Chevron is a 35%\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/israel-gas-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":692845,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/14\/egypt-to-buy-all-gas-from-cyprus-aphrodite-field-under-new-pipeline-agreements\/","url_meta":{"origin":605557,"position":4},"title":"Egypt to buy all gas from Cyprus\u2019 Aphrodite field under new pipeline agreements","author":"enterpriseam admin","date":"14 April 2026","format":false,"excerpt":"Newly established company Aphrodite Midstream will lead the construction of the gas pipeline","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/926.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":690889,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/31\/egypt-opens-a-fresh-europe-to-gulf-transit-corridor-via-damietta\/","url_meta":{"origin":605557,"position":5},"title":"Egypt opens a fresh Europe to Gulf transit corridor via Damietta","author":"enterpriseam admin","date":"31 March 2026","format":false,"excerpt":"PLUS: Egypt and Cyprus inked a framework agreement, which sets the stage for more agreements \u201cfor the exploitation of Cyprus\u2019 reserves\u201d","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1431.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=605557"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605557\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/605558"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605557"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605557"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}