Cabinet appoints natural gas negotiating team

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Cabinet appoints natural gas negotiating team
 © In-Cyprus 2018
Cabinet on Tuesday appointed a team to renegotiate a contract between the Republic of Cyprus and the Noble-Delek-Shell consortium, on how to share potential profits from developing the “Aphrodite” reservoir, located in block 12 of Cyprus’ EEZ.

Energy Minister Yiorgos Lakkotrypis said that the consortium had informed the government at the end of December 2017 that it had reached a provisional agreement to sell natural gas to a Shell  LNG refinery in Egypt but because of falling prices made the project unviable, they wanted a revision of the agreement.

“We examined...


This article was automatically added to our system 21-8-2018

Cabinet appoints natural gas negotiating team


The contents of this article including any associated images are © In-Cyprus 2018
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