ECONOMY

Cyprus plans gas drilling at start of next year

Cyprus plans gas drilling at start of next year

A new round of drilling will occur in the Aphrodite gas field in the first few months of 2023, Cyprus’ energy minister told a news conference in Cairo on Wednesday.

A draft development plan from the joint venture operating the field is expected by the end of the year, Natasa Pilides said.

Cyprus is trying to expedite development so that the first shipment to Egypt could come by 2027, she added. [Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.