"Cyprus has placed its hopes in Aphrodite. This is the name of the natural gas field that was discovered on the southeastern coast of the Mediterranean island," writes Handelsblatt's correspondent in Greece, Gerd Heller.

The state’s net revenues from the sale of natural gas from the “Aphrodite” deposit at the liquefaction terminal in Itkou, Egypt, are estimated at USD 9.5 billion, based on the final agreement of the Ministry of Energy with the Noble-Shell-Delek joint venture.