The companies that share ownership of the Aphrodite gas field announced on September 1, 2024 that they have submitted an updated development plan to the Cypriot government and are awaiting its approval. They estimate its cost to be around $4 billion. The announcement was preceded by months of fraught discussion between the companies, led by the US company Chevron, and the Cypriot Minister of Energy. If the development of the field can move forward successfully, it has the potential to redound to Israel’s benefit.