WorldWay Comprehensive Report: On November 18, the project party, an Israeli company, announced in Tel Aviv that the estimated reserves of the Aphrodite gas field located in the Mediterranean Sea off Cyprus have recently been increased by 12%, with most of the natural gas production likely to be exported to international markets. This significantly enhances Cyprus's international prospects, making it a popular choice for investment immigration.
Two Israeli companies stated in a declaration submitted to the Tel Aviv Stock Exchange on the 18th that the new estimated reserves for this gas field are 45.4 trillion cubic feet, while the estimated reserves of the liquid byproduct, condensate, have been increased from the previous estimate of 8.1 million barrels to 9 million barrels.
Delek Group's two subsidiaries, Delek Drilling and Avner Oil Exploration, each hold a 15% stake in the Aphrodite gas field, while Noble Energy, headquartered in Texas, controls the remaining 70% stake. They are currently considering integrating the development of the Aphrodite gas field into their plans for developing the larger Leviathan gas field, which is adjacent to the Aphrodite gas field but located in Israeli waters.
The Israeli companies stated that given the small domestic market in Cyprus, the main potential market for the natural gas produced from the Aphrodite gas field is the international market. This new discovery will greatly enhance Cyprus's economy and energy reserves, and the international community is optimistic about Cyprus's development prospects. Therefore, this is a significant advantage for applicants looking to invest and immigrate to Cyprus.
On March 28, the Cypriot government revised legislation to allow foreign investors to become Cypriot citizens, and thus EU citizens, through naturalization with unprecedented low investment. In other words, non-EU citizens only need to purchase property worth €2.5 million or €3 million to obtain Cypriot citizenship for their entire family.
WorldWay, as a well-known investment immigration group that first introduced Cyprus property immigration to China, has established independent offices in Europe. Its professional European customer service team provides comprehensive, one-stop settlement services for clients immigrating through property purchases in Europe, including assistance in contacting developers for property handover inspections, purchasing property insurance; assisting with children's school enrollment procedures; helping clients regularly pay various taxes and fees, etc. Notably, property management and maintenance services have been added, allowing clients to truly achieve peace of mind while immigrating to Europe without worries.
Investors interested in obtaining a European passport are welcome to call 400-138-2929
WorldWay Editor
