Cyprus Expresses Concern Over New Med's Statement Regarding Aphrodite Gas Field
February 17, 2025
The statement by the Israeli company New Med regarding the Aphrodite gas field has raised concerns within the Cypriot government due to inaccurate timelines and conditions for commercial exploitation. Besides mentioning that exploitation could commence in 2031, the Cypriot government expresses dissatisfaction with New Med's announcements, which it perceives as provocative. The Republic of Cyprus has canceled a notice of breach issued against the consortium but has not accepted the proposed milestones. No specific details are provided regarding the agreed milestones with Chevron.