Cyprus signs $9 Billion gas exploitation deal with Israeli firm, energy majors


(Worthy News) – Cyprus announced last week that it signed its first-ever natural gas exploitation deal for the Aphrodite gas field, saying it chose a consortium comprising Israel’s Delek, industry giant Shell, US-based Noble.

The 25-year license is worth US$9.3 billion. The Aphrodite gas field, discovered off Cyprus’ shores in 2011 by Texas-based Noble Energy is estimated to contain over 113 billion cubic meters of gas.

“Noble Energy, Shell and Delek now have in their hands the first exploitation license granted by the Republic of Cyprus so they can commercialize the deposit,” said Energy Minister George Lakkotrypis, shortly after the agreement was signed. [ Source: Israel Hayom (Read More…) ]

15
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Trump Says Israel ‘Very Happy’ With Hamas Disarmament Deal, but Netanyahu Signals Deep Reservations
Migrants Flood Spain’s Ceuta Enclave As Death Toll Rises
Senate Again Rejects Resolution Seeking to Halt U.S. War With Iran
Record-Low Danube Threatens Hungary’s Nuclear Power Supply
Trump Says Hamas Has Agreed to Disarm, but Deep Skepticism Remains
Netanyahu Tells Evangelical Leaders: Jews and Christians Are ‘One’ Under Attack
Trump Questions Thune’s Future as Senate GOP Leader Over Stalled Election Bill
U.S. Intelligence Chiefs: China’s Acquisition of American Voter Data Meets Definition of Election Interference
U.S.-Iran War Widens as Saudi Arabia Joins American Strikes on Iran-Backed Militias in Iraq
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News