Cyprus’ gas sector received a much needed boost on 17 March. Following months of disappointment Energy Minister Giorgos Lakkotrypis said that Houston-based Noble Energy, operator of the island’s sole offshore discovery, the 5 tcf Aphrodite field, is set to submit its development plan for the field by the end of the month.
MEES understands this plan will include a floating production, storage and offloading unit (FPSO) which will be linked via pipeline initially to Egypt, with BG’s 7.2mn tons/year LNG plant at Idku the most likely destination (see map p4). (CONTINUED - 589 WORDS)
