Skip to Content

Cyprus gives Chevron another 6 months to come up with a timetable on a natural gas field development

By MENELAOS HADJICOSTIS
Associated Press

NICOSIA, Cyprus (AP) — Cyprus has given Chevron another six months to come up with a revised plan to develop a sizeable natural gas deposit off the island nation’s southern coastline after an earlier plan was deemed lacking in a specific timetable. An official with knowledge of the matter says Chevron’s development proposal from March for the Aphrodite deposit estimated to hold 4.2 trillion cubic feet of gas “wasn’t considered targeted and was without specific timetables.” Cyprus’ Energy Minister George Papanastasiou had asked the U.S. energy company in a letter for “specific, targeted actions” and a “specific timetable.”

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content