Cyprus grants first natural gas exploitation license

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Cyprus grants first natural gas exploitation...
 © FamagustaGazette 2019
Cyprus on Thursday granted the first natural gas exploitation license to the consortium which owns the Aphrodite concession. Cypriot Energy Minister Giorgos Lakkotrypis said he handed the license to Keith Elliott, senior vice president of Noble Energy Global Offshore. The Aphrodite was discovered in 2011, and is believed to hold 3.6 to 6 trillion cubic feet of natural gas, local media reported. The license — granted to Noble Energy, British Shell, and Israeli Delek — has duration of 25 years....


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Cyprus grants first natural gas exploitation license


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