Page 13 - MEOG Week 11 2022
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MEOG                                       NEWS IN BRIEF                                              MEOG







       of the project had been heard before, but,   solution for Europe.        deposits were quite limited relative to the
       officially at least, Greece, Israel and Cyprus   In one of the most recent, The Hill   investment that needed to be made, she said.
       have continued to support the project.  reported that if the US was serious about   “That’s why Chevron, the new manager
         However, Ankara has repeatedly said that   energy security in Europe, it must help ensure   of the Aphrodite consortium, is figuring out
       any plans in the eastern Mediterranean that   that eastern Mediterranean natural gas makes   ways to work together either with Israel and
       exclude it were bound to fail and that it would   it to Europe.          Chevron’s operations there, or as part of their
       defend its rights in the region. It has opposed   “Considering Russia’s war in Ukraine and   activities in Egypt,”’ she said.
       the EastMed project, saying the plan could not   its downstream effects, Biden must show   As for the remainder of Cyprus’ deposits,
       work without Turkey’s approval.     flexibility and adapt his natural gas policy,”’   Pilides said confirmation drilling in the
         Turkish President Tayyip Erdogan has   the paper said, also citing Chevron CEO   Glafcos field would be completed by the end
       recently met with the leaders of Greece and   Michael Wirth who spoke out in favour of the   of March
       Turkey. He has said that Turkey and Israel   EastMed pipeline because of the current crisis.  “We will be expecting some information
       could work together to carry Israeli natural   Chevron bought out Noble Energy, which   from the consortium, which will relate
       gas to Europe, reviving an idea first discussed   had the concession for Cyprus’ Aphrodite   more to the quality of the gas that has been
       more than 20 years ago. He described his   field, in July 2020.          identified. As for the exact quantity, they will
       recent meeting with his Israeli counterpart as   Pilides, when asked on Wednesday why the   still need some time to process the data and
       “turning point”’ in relations.      Aphrodite deposits has not been exploited so   we hope that after a few weeks of analysis they
         But a growing number of reports since   far, said strictly speaking it was not an issue   will be able to inform us more thoroughly
       Russia invaded Ukraine have now brought   of being late, but the company was working   about the quantity,”’ she added.
       attention back to the EastMed pipeline as a   in accordance with its contract. Also, the   CYPRUS MAIL






























































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