Cyprus Parliament ratifies Cyprus – Egypt agreement on subsea pipeline

According to the Cyprus News Agency an agreement between Cyprus and Egypt on a direct subsea natural gas pipeline between the two countries was ratified on Friday 12.04.2019 by the plenary of the House of Representatives.

The bilateral agreement was signed in Nicosia on September 19, 2018 at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el-Molla, aimed at ensuring the timely and safe development, construction, and operation of an underwater pipeline directly to Egypt through the two countries’ exclusive economic zones.

The agreement is meant to facilitate the mooted construction of a pipeline from Cyprus’ Aphrodite gas field — estimated to contain around 4.5 trillion cubic feet (130bn cubic metres) of gas — onto Egyptian shores and then to the LNG facility in Idku.

It can also apply to other gas fields that may be discovered off the island in the future.

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