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Oil & Gas

Egypt, Cyprus gas infrastructure has “significant potential” to draw capital

Posted: July 14, 2019 at 6:44 pm   /   by   /   comments (0)

Egypt and Cyprus’ gas infrastructure has “significant potential” to draw in capital as part of a drive from Cyprus-based investment firm Cynergy Group to raise a total of USD 10 billion to “consolidate Eastern Mediterranean gas assets,” Cynergy co-founder Mike Germanos tells the National. Cynergy is “setting its sights on Gulf sovereign wealth funds to revitalise the Eastern Mediterranean energy value chain,” and Egypt’s LNG terminals are part of that chain, particularly as Germanos sees the region’s infrastructure as ill-equipped to “fully leverage its discoveries … and realise its ambition to become a regional hub” for natural gas.


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