Chevron Eyes Egyptian Export Route for Cyprus Gas

Chevron and Egypt are seeking to accelerate agreements needed to connect Cyprus’ Aphrodite gas field to Egyptian infrastructure, as Cairo looks to strengthen its role as an Eastern Mediterranean gas hub.

Egyptian Petroleum Minister Karim Badawi held talks with Chevron executive Javier La Rosa this week, with discussions focused on finalizing the technical, financial and commercial frameworks required to move the project forward. The two sides also discussed expanding Chevron’s gas exploration activities in Egypt’s Mediterranean waters.

The talks represent the latest effort to advance Aphrodite. Egypt said in March that technical and legal teams were already preparing key agreements for linking the field to Egyptian infrastructure, potentially allowing its gas to be processed and re-exported to international markets.

Discovered in 2011, Aphrodite lies in Cyprus’ offshore Block 12, around 170 kilometers southeast of the island. Chevron operates the field with a 35% interest alongside Shell and NewMed Energy.

The field contains an estimated 3.5 trillion cubic feet of gas. Cyprus approved an updated development plan in 2025 involving a floating production unit and a subsea pipeline connecting Aphrodite with Egypt.

The project forms part of a broader effort to funnel Eastern Mediterranean gas through Egypt’s extensive processing and LNG infrastructure. Egypt is also working to connect other Cypriot discoveries, including Eni and TotalEnergies’ Cronos project and discoveries operated by ExxonMobil and QatarEnergy.

For Egypt, those projects could help increase utilization of its existing gas infrastructure while providing Cyprus with an export route for offshore resources.

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