President upbeat about revised Aphrodite gas plan

The updated development plan for the Aphrodite gas field is moving “in the right direction” President Nikos Christodoulides said on Monday, while sources suggested the government would be issuing its response in two weeks.

Commenting a day after the partners (NewMed Energy, Chevron and Shell) submitted a new plan to the tune of a $4 billion cost, Christodoulides said the proposal would be evaluated.

Though he did not delve into details, he said the updated plan “is in the right direction...