negotiations energy sector developments

Positive Advances in Cypriot Aphrodite Gas Field Negotiations

The anticipated start date for natural gas extraction from the Aphrodite gas field in Cyprus is expected to be around 2027 or 2028. The Cypriot government and Chevron are working collaboratively towards a mutually beneficial development plan, with ongoing discussions and technical committees engaging in dialogue to reach an agreement. The government is also promoting energy selfsufficiency for households through the installation of photovoltaic systems and future plans for battery installations.