Aug 25 (Reuters) - Cyprus rejected Chevron Corp's plan to develop the island nation's offshore Aphrodite natural gas field, Bloomberg News reported on Friday, citing Energy Minister Giorgos Papanastasiou. The plan, which was submitted by a Chevron-led consortium consisting of Shell and Israel's NewMed Energy in May, aimed to connect the gas field to an existing processing and production facility in Egypt via a subsea pipeline. Aphrodite, discovered more than a decade ago about 170 km (105 miles) from the city of Limassol, holds an estimated 124 billion cubic metres of gas