Aphrodite’s Cyprus problem By @FionaMullenCY

Anastasiades meets with Noble Energy

By Fiona Mullen

While everyone is getting excited about the big-name bidders in the third Cyprus offshore gas licensing round, it is worth remembering the excitement that first greeted the discovery by Noble Energy in late 2011 of the Aphrodite field in offshore Block 12.

Wild figures were thrown out by people who should know better about how much the gas was worth to the government. All kinds of predictions were made about how it was going to turn Cyprus into a natural gas hub with a land-based liquefied natural gas (LNG) plant, how it would make everyone incredibly wealthy and how it could help solve the Cyprus problem.

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Aphrodite’s Cyprus problem

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