The Ministry of Energy, Commerce and Industry has announced that a letter it has received by Chevron confirms the alignment of the parties regarding the framework for the exploitation of the 'Aphrodite' gas field in Cyprus' Exclusive Economic Zone. 

In a press release, the Ministry says that it had received on Friday a letter from Chevron, the licensed operating company of the "Aphrodite" natural gas field, referring to the points of the Ministry's letter dated November 20, 2023. In its letter, Chevron confirms the alignment of the parties as to the wider framework for exploiting the field, the press release says.

Therefore, the Ministry adds, having now reached a common understanding, the parties are intensifying discussions in the coming weeks, based on the agreed Development and Production Plan, for the mutually beneficial exploitation of natural gas reserves in "Aphrodite".