Cyprus looks to be finally on the path to the realm of gas producers. Nicosia has agreed to sweeten terms in return for a guarantee from Noble, Delek and Shell to develop the 2011 Aphrodite discovery.

The Cyprus government and the partners at the country’s 4.5tcf Aphrodite gas field have agreed to the revision of the production sharing contract (PSC) after around a year of negotiating (MEES, 26 April).

With field development at a standstill since its 2011 discovery, mainly due...