Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Gerald Butt
Nicosia
3 October 2016
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

The Aphrodite plan

Cyprus is desperate to export gas. But until more is found, piping it to Egypt is now the main idea, says energy minister Yiorgos Lakkotrypis

"The discovery of Zohr," says Cyprus's energy minister, "has completely changed the complexion of the East Mediterranean gas scene, proving the existence of a new play based on carbonates that extend into Cyprus's exclusive economic zone." Only exploration drilling will decide if Cypriots' optimism that a gas bonanza similar to Zohr has fallen into their laps is justified. In the meantime, as they assess bids submitted in July for the three blocks close to Zohr, Yiorgos Lakkotrypis and his team are focusing on Cyprus's sole discovery to date, the 4.5-trillion-cubic-foot Aphrodite field in Block 12. Five years have elapsed since Noble Energy and partners discovered Aphrodite. There has been a

Also in this section
The spectre of a European gas price cap returns
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
Letter from London: The oil market should panic tomorrow
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
LPG in Africa: Big potential but big barriers
Opinion
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
Letter from Dubai: A safe haven under fire
Opinion
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search