Egypt has agreed to purchase the full output of Cyprus’ offshore Aphrodite gas field once production begins, according to a Bloomberg report. The agreement underscores Cairo’s push to secure long-term energy supplies as domestic natural gas demand continues to rise.
Production at Aphrodite is expected to start in about six years. Once the field becomes operational, Egypt will take its entire output, further strengthening its role as a major regional gas purchaser and processor.
Initial agreement signed with project partners
Bloomberg has reported that Egyptian Natural Gas Holding Co. signed the initial agreement with the companies involved in the Aphrodite project alongside Cyprus’ state-run oil and gas company. The report also identified NewMed Energy LP as one of the project’s stakeholders.
The deal marks an important step in Aphrodite’s commercial development, as the field remains one of the most closely watched offshore gas assets in the Eastern Mediterranean. For Egypt, the agreement offers a way to prepare for future supply needs while also deepening energy cooperation with Cyprus.
Transmission system forms part of broader framework
Alongside the gas purchase agreement, Aphrodite’s partners and Egypt also reached a framework deal to develop a gas transmission system off Egypt’s coast, according to Bloomberg.
This infrastructure will play a central role in transporting gas from the Cypriot field to Egypt, where it can help meet domestic demand and support broader regional energy plans. The framework also shows that both sides are looking beyond supply alone and focusing on the infrastructure needed to make the project commercially viable.
Aphrodite remains Cyprus’ most advanced gas project
The Aphrodite field lies in Cyprus’ Block 12, around 170 kilometers (105 miles) offshore from Limassol. It was Cyprus’ first offshore gas discovery and remains the most advanced project in the country’s development portfolio. Estimates place its reserves at roughly 3.6 trillion cubic feet of natural gas.
A revised development plan approved in February 2025 includes a floating production unit above the reservoir and a pipeline to carry gas to Egypt. The project is expected to reach peak offshore production of around 800 million cubic feet per day, initially through four production wells.
Chevron, Shell, and NewMed Energy are developing Aphrodite through a joint consortium. Under Cyprus’ current strategy, the companies will send gas from the field to Egypt, where it will be liquefied and sold on the domestic market.
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