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Cyprus and Chevron at Odds Over Natural Gas Field

Cyprus and Chevron at Odds Over Natural Gas Field

Chevron and the Cypriot government are at odds about the development of the Aphrodite natural gas field off the coast of the island nation, with Cyprus claiming Chevron had breached its production-sharing agreement. The news was reported by Energy Intelligence soon after Chevron and its partners in the development of the Aphrodite field submitted a new development plan for the field. The updated plan was a response to the notice of breach of contract that the Cypriot government issued in late August. “According to the updated plan, the production…

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