Cyprus has asked Chevron and its partners to reconsider the proposed transportation charge for moving gas from the 3.7tcf Aphrodite field through Egyptian waters, opening up a potentially significant disagreement over the project’s commercial terms.
MEES understands that a tariff of around $3/mn Btu for the Egyptian section of Aphrodite’s export pipeline has been proposed, compared with the roughly $1/mn Btu previously envisaged. Nicosia considers the proposed charge excessive and has asked the partners to come back with a more competitive offer. (CONTINUED - 856 WORDS)
