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Egypt signs natural gas deal with Cyprus

by ChemOrbis Editorial Team -
  • 05/02/2015 (11:20)
According to local media sources, Egypt has reportedly signed an agreement to import natural gas from Cyprus in order to cover the local market’s needs.

State run Egyptian Natural Gas Holding Company (EGAS) is reported to have hosted a delegation from Noble Energy earlier this week in order to discuss the details of importing natural gas from the Aphrodite field located in Cyprus to Egypt.

According to media reports, EGAS chairman Khaled Abdel Badie highlighted that the two companies had previously started discussions regarding the technical and financial details of a gas export deal from the Aphrodite field. He also added that Noble Energy is currently studying the possibility of sending a ship to facilitate gas production from the Aphrodite field and supply the pipeline of 4,000 kilometers length to reach Egypt.

The pipeline is planned to come from the Aphrodite field to Egypt through the deep waters of the Mediterranean. Cypriot gas is planned to be supplied to Egypt by 2017 following the construction of a new pipeline and new ships for facilitating production.
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