{"id":708170,"date":"2026-06-07T00:00:00","date_gmt":"2026-06-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=708170"},"modified":"2026-06-07T02:56:34","modified_gmt":"2026-06-07T02:56:34","slug":"oil-ministry-pushes-for-september-fid-on-3-7-tcf-aphrodite-gas-field","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/07\/oil-ministry-pushes-for-september-fid-on-3-7-tcf-aphrodite-gas-field\/","title":{"rendered":"Oil Ministry pushes for September FID on 3.7 tcf Aphrodite gas field"},"content":{"rendered":"

Egypt\u2019s energy sector is moving across the Mediterranean and beyond<\/strong>, pushing technical agreements for the pipeline transporting Cypriot gas to our LNG hubs, accelerating offshore exploration at home, and exporting drilling expertise to Turkey.<\/p>\n

\n

Securing the Cypriot corridor<\/p>\n

Egypt and Chevron are looking to finalize the key agreements needed to move the Aphrodite gas field toward a final investment decision by September<\/strong>, according to a statement<\/a>.<\/p>\n

R<\/strong>EFRESHER-<\/strong> Under an agreement inked earlier this year<\/a>, Egypt will purchase the entirety of Aphrodite\u2019s output via a USD 2 bn pipeline fully funded<\/a> by Cyprus. The 15-year contract will see up to 700 mmcf \/ d arrive at Port Said before shifting to flexible volumes priced against Brent crude. Pipeline construction is slated for 2027, with gas arriving by 2030 to feed Egypt\u2019s domestic grid and LNG facilities. We could also see gas from Cyprus\u2019s Cronos field<\/a> heading our way by 2028 under a similar receive-process-re-export model.<\/p>\n

The agreement comes with hopes of re-exporting to Europe<\/strong>, feeding Egypt\u2019s liquefaction infrastructure and paving the way to become the East Med\u2019s processing hub<\/a>. The supply will feed our local LNG export facilities while also providing fuel for domestic consumption, helping to reduce our large LNG import bill<\/a> and decrease the risk of relying too heavily on a single pipeline corridor like the East Mediterranean Gas pipeline between Egypt and Israel.<\/p>\n

\n

Ramping up offshore exploration<\/p>\n

Meanwhile,<\/strong> BP and Harbour Energy are teaming up to drill a USD 150 mn exploration well in the Mediterranean\u2019s Gh<\/strong>ourab field this September<\/strong>, with initial estimates suggesting the prospect could hold up to 975 bcf of recoverable natural gas,<\/strong> the Arabic press<\/a> reports, citing unnamed government officials.<\/p>\n

REMEMBER-<\/strong> The move comes shortly after the two British players inked a framework<\/a>agreement<\/a> to jointly develop the El Arish and North King Mariout concessions. The investments slot into BP's broader USD 1.5 bn<\/a> commitment to Egypt\u2019s gas exploration in FY 2026\/27.<\/p>\n

\n

Exploring Egyptian expertise<\/p>\n

The <\/strong>Egyptian<\/strong> Drilling Company (EDC) is taking its rigs to Turkey under a two-year, USD 43 mn contract<\/strong>, according to an Oil Ministry statement<\/a>. The company \u2014 owned by the Egyptian General Petroleum Corporation \u2014 is deploying its EDC 42 and 52 rigs in partnership with the Turkish Petroleum Corporation.<\/p>\n

IN CONTEXT-<\/strong> The state-owned drilling arm \u2014 which operates a fleet of 70 rigs \u2014 has been eyeing the Turkish market as part of its broader international expansion drive, alongside its established operations in Saudi Arabia and Kuwait. Other targeted markets include India, the UAE, Qatar, Oman, Algeria, West Africa, Brazil, and Thailand.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government is pushing for a September final investment decision on the Aphrodite gas field ahead of a 15-year import contract and a USD 2 bn pipeline<\/p>\n","protected":false},"author":1,"featured_media":708171,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[196,780,93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-708170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-bp","tag-chevron","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"bef0401f-b178-4358-8333-7e477e463183","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/926.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Expanding across the Mediterranean","related_issue":[708162],"teaser":"The government is pushing for a September final investment decision on the Aphrodite gas field ahead of a 15-year import contract and a USD 2 bn pipeline"},"yoast_head":"\nOil Ministry pushes for September FID on 3.7 tcf Aphrodite gas field - 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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":660808,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/18\/egypt-is-getting-cypriot-gas-for-liquidation-and-re-export\/","url_meta":{"origin":708170,"position":1},"title":"Egypt is getting Cypriot gas for liquidation and re-export","author":"enterpriseam admin","date":"18 February 2025","format":false,"excerpt":"The agreements involves Cyprus\u2019 Aphrodite and Cronos fields","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\/2026\/2\/926.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605557,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/03\/us-backs-chevrons-plans-for-aphrodite-gas-field-sans-floating-terminal\/","url_meta":{"origin":708170,"position":3},"title":"US backs Chevron\u2019s plans for Aphrodite gas field \u2014 sans floating terminal","author":"enterpriseam admin","date":"3 September 2023","format":false,"excerpt":"Cyprus wants Chevron to stick to plans to build a floating LNG facility","rel":"","context":"In 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