Comments from Yossi Abu, CEO of Israel’s NewMed Energy, on his firm’s recent Q2 earnings call give the clearest signal yet the partners in Cyprus’ 2011 4.1tcf Aphrodite discovery are ready to push forward with development.
Crucially, amid Europe’s acute demand for gas, the key development option – tie back of 800mn cfd Aphrodite output to Shell’s under-utilized WDDM processing facilities on the Egyptian Mediterranean – appears to now be independent of the expansion option chosen for Israel’s Leviathan field (MEES, 9 September). (CONTINUED - 674 WORDS)
