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Project Insights

Aphrodite offers hope for Egypt’s LNG hub plans

Cyprus is pushing to develop Aphrodite as quickly as possible and may be nearing a deal on new PSA terms, allowing gas from the field to be piped to Egyptian liquefaction plants Cyprus is pushing to develop Aphrodite as quickly as possible and may be nearing a deal on new PSA terms, allowing gas from the field to be piped to Egyptian liquefaction plants.
By Fatima Sadouki 28 March 2019 Middle East & Africa / LNG 0 34082
Egypt's Idku LNG plant. (Shell)

The key issue: Talks between the partners developing Cyprus’s Aphrodite field and the Cypriot government are ongoing. Agreeing on new PSA terms is expected to pave the way for a pipeline that will connect Aphrodite gas to Egypt’s underutilised LNG export capacity.

Interfax analysis: Cyprus is pushing for the development of its offshore Aphrodite field to start as soon as possible so it can capitalise on growing political cooperation between East Mediterranean countries and use Egypt’s underutilised LNG export capacity. However, the cost of developing...