Cyprus is located in the central Mediterranean, known for its sunny beaches and blue skies, often referred to as the garden of Europe. With the ongoing development of the Cyprus natural gas project, there will undoubtedly be an increase in local employment opportunities, driving economic growth in Cyprus. As a result, Cyprus has become a hotspot for numerous investors, Cyprus property investment immigration program has emerged as a significant player in the European investment immigration market.
According to recent media reports, Cyprus will welcome a delegation from Israel responsible for energy affairs to discuss issues related to the natural gas fields at the maritime boundary between the two countries.
The gas field named Aphrodite was previously issued by Cyprus in the offshore natural gas exploration area of Block 12, which extends into Israeli territorial waters. Therefore, the development of Cyprus's natural gas must be conducted in cooperation with Israel. Negotiations on the joint development of resources in the boundary waters began five years ago, but have yet to yield results. The extension and delimitation of the Aphrodite gas field are key issues in the negotiations.