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Tag: Aphrodite
Bloomberg Quint

Global investment firms interested in funding Cyprus-Egypt gas pipeline

Posted: October 11, 2018 at 2:11 pm   /   Oil & Gas

Four financial firms in contact with Cyprus govt on pipeline. Pipe would transport Cyprus gas to Shell’s LNG plant in Egypt. Four major investment firms expressed interest in financing the construction of a pipeline that would transport natural gas from Cyprus to Egypt, according to a Cypriot official involved in the country’s energy sector. The […]

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Egypt-Cyprus

Egypt, Cyprus sign natural gas pipeline connection agreement

Posted: September 19, 2018 at 12:08 pm   /   Oil & Gas

Egypt and Cyprus on Wednesday signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt. The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el Molla. Lakkotrypis said the agreement aimed at ensuring the timely and safe development, construction, and […]

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East Med

Egypt, Cyprus reach agreement on gas pipeline – Cyprus Television

Posted: August 7, 2018 at 3:34 pm   /   Oil & Gas

Cairo and Nicosia have reached an agreement to connect the Aphrodite gas field to liquefaction plants in Egypt, Cyprus state television CyBC said, according to the Cyprus Mail. The agreement will be inked sometime in the fall, CyBC said, citing diplomatic sources. “The agreement has already been given the green light by the EU and […]

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cyprus_egypt_ga

Cyprus-Egypt gas pipeline to cost between $800m and $1bn

Posted: May 7, 2018 at 11:38 pm   /   Oil & Gas

A planned pipeline connecting Cyprus’ Aphrodite gas field to Egypt’s liquefied natural gas (LNG) facilities will cost between $800 million and $1 billion, Egyptian Petroleum Minister Tarek El Molla said on Monday. Egypt has rapidly increased its production of natural gas and hopes to become a hub for exporting to Europe after making a series […]

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East Med

East Mediterranean: How much natural gas are we talking about?

Posted: May 3, 2018 at 1:20 pm   /   Oil & Gas

Quite ceremoniously, and two years after the discovery of the Zohr gas field, the Italian ENI has announced that in 2019, it will put into operation the second gas production plant. “Our recent success strengthens the excellent course of development of the Zohr field, which establishes Egypt’s attempt to stop LNG imports in 2018,” the […]

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Cyprus

Egypt, Cyprus to sign Aphrodite gas field pipeline deal

Posted: April 30, 2018 at 3:08 pm   /   Oil & Gas

Egypt aims to sign an agreement with Cyprus to connect the island’s Aphrodite gas field with Egypt, Egypt’s oil minister said on Sunday. Tarek El Molla, speaking at an American Chamber of Commerce in Egypt event in Cairo, also said the country was preparing a bid round for unexplored offshore areas west of the Nile […]

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East Mediterranean natural gas discoveries redefine LNG playing field

Posted: April 3, 2018 at 2:16 pm   /   Oil & Gas

By Mike Corkhill The Eastern Mediterranean is fast becoming a gas hub, with numerous LNG projects, plentiful recent gas finds and likely further discoveries. Newly discovered offshore gas deposits in the exclusive economic zones (EEZs) of Egypt, Israel and Cyprus, coming on top of similar major finds in recent years, are poised to alter the […]

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Egypt, Cyprus to link Aphrodite gas field with Idku, Damietta LNG plants

Posted: March 25, 2018 at 7:10 pm   /   Oil & Gas

Egyptian and Cypriot officials have succeeded in setting the terms of the gas pipelines construction deal, while the European Union (EU) is expected to confirm its preliminary approval within a few weeks. Cyprus’ Energy Minister Yiorgos Lakkotrypis said: “Turkey’s provocations” will not abstain Cyprus from maintaining its gas exploration, according to Associated Press (AP). Talks […]

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EMGC '18: Eni sees rapid development of East Med natural gas with Zohr

Posted: March 23, 2018 at 5:15 pm   /   Oil & Gas

Opening Day 1 of Gulf Publishing Company’s fifth annual Eastern Mediterranean Gas Conference (EMGC) on March 21 was Yiorgos Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism for the Republic of Cyprus. The Minister welcomed attendees and shared perspectives on energy development in Cyprus and throughout the region. Lakkotrypis’ talk was followed by a keynote […]

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Bloomberg: Cyprus, Egypt nearing gas agreement

Posted: February 23, 2018 at 3:52 pm   /   Oil & Gas

Cyprus to sell Aphrodite gas to Egyptian LNG plants: minister. Noble Energy, Delek on Monday offered gas from Israeli fields. Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub […]

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