Reported 9 days ago
Chevron will initiate a seabed survey in the east Mediterranean this summer to create a pipeline connecting a significant natural gas deposit in Cyprus to processing facilities in Egypt, as announced by Cypriot officials. The pipeline will link the Aphrodite field, which holds an estimated 4.5 trillion cubic feet of gas, with a facility on Egypt’s coast, emphasizing Cyprus's role as a new energy supplier for neighboring countries and the EU. This project is part of Chevron's broader strategy in the region.
Source: YAHOO