Upon the assignment of President Abdel Fattah Al Sisi, Prime Minister Mostafa Madbouli, and Minister of Oil and Mineral Resources Karim Badawi visited the Cypriot capital of Nicosia on September 5th. The two senior executives met the Cypriot President, Nicos Christodoulides, and discussed plans to support regional cooperation, especially in the fields of energy and gas, and linking Cypriot natural gas fields to Egyptian infrastructure.

The discussions primarily focused on accelerating work on the energy corridor connecting the Cypriot Cronos field to Egypt’s infrastructure facilities, highlighting the fact that significant progress is observed on this level, said Badawi in a press conference with his counterpart, George Papanastasiou. The project aligns with the shared vision of the two countries to position Egypt as a pivotal regional energy hub and enable Cyprus to become a key gas exporter to Europe, ensuring energy security for both nations and the broader region, Badawi added.

During the Egypt Energy Show (EGYPES) 2025, Egypt and Cyprus signed an agreement and a memorandum of understanding (MoU) to start developing the Cypriot natural gas discoveries, using Egyptian liquefaction facilities in Idku and Damietta regions. The agreement involves transporting the natural gas from the Cronos gas field, to be processed at Egypt’s Zohr field facilities, then liquefied at the Damietta LNG plant for export to European markets. On the other hand, the MoU involves the natural gas produced in Aphrodite field, which is expected to help boost Egypt’s natural gas supplies, enabling it to meet the growing energy demand.

During the last period, Egypt has been moving on different tracks to secure gas supply amid the summer months which witness peak demand on electricity generated using natural gas due to the high temperatures. The government signed deals with more than $3 billion to import gas, agreed to lease four Floating  Storage and  Regasification Units, extended its 2019 gas deal with Israel till 2040, in addition to finalizing new exploration deals and repaying arrears to foreign explorers.

The deal with Cyprus, which is expected to see Cypriot gas flowing to Egypt in 2027, would help in covering a part of the demand.