As the energy sector buzzes with anticipation, recent Cypriot reports available here indicate an upcoming third round of negotiations between the Republic of Cyprus and Chevron. Likely to be convened in Nicosia as early as next week, these talks hinge on Cyprus first receiving Chevron's written responses to objections raised against the FDP. Providing further insights into this unfolding scenario, a translated article from Omega, sourced directly from ministry insiders, reveals the following:

A THIRD ROUND OF TALKS? ARE WE “ON THE ROAD TO NOWHERE” ?

Amid a swirl of industry speculation and negotiations, the Republic of Cyprus and Chevron are preparing for a pivotal third round of talks, anticipated to take place in Nicosia in the upcoming week. “But all this is subject to Cyprus getting a written response to its rebuttal worth meeting about” opined an industry observer.

According to translations from Omega Cyprus, well informed from the Energy ministry, these negotiations come on the heels of Cyprus' rejection of the updated development plan for the Aphrodite gas field.

This recent revelation from Omega echoes the news of a high-level rendezvous between Cyprus and Chevron in Singapore just last week, during an energy conference.

It is understood that Chevron agreed to detail written responses to Cyprus' objections concerning changes to the 2019 agreed and ratified FDP. Such modifications have triggered concerns over jeopardizing Cypriot positioning within the Aphrodite development.