Step Towards Cooperation for the Development of the Aphrodite Reservoir
February 15, 2025
The agreement between Energy Minister George Papathanasiou and Chevron for the development of the Aphrodite reservoir is seen as very significant by energy experts. The plan includes the installation of a floating production unit and the construction of a natural gas pipeline to Egypt. Both parties aim to swiftly proceed with a preliminary technical study to assess the investment costs. Negotiations on the financial arrangements will continue later, aiming for the successful development of the reservoir.