Continental Focus, International Reach

Egypt and Cyprus to Sign Gas Agreement

Thursday, September 20, 2018

Egypt and Cyprus are expected to sign an agreement that will see the island nation exporting natural gas production to the North African country for processing.

Under the terms of the agreement, gas offshore Cyprus could also be used for Egypt’s domestic needs, according to Tarek el-Molla, Egypt’s petroleum minister, following his meeting with the  president of Cyprus, Nicos Anastasiades

“So it is really a way to have … good, win-win positions for not only Cyprus and Egypt, but also for Europe,” El Molla told reporters.

The Cypriot minister said the agreement concerns building a pipeline from the Aphrodite discovery area to Egypt. But it can apply to other gas fields that may be discovered off the island in the future. The Aphrodite field is estimated to contain 4.5 Tcf of natural gas.


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