Parliament Approves Egypt-Cyprus Gas Pipeline Agreement

Parliament Approves Egypt-Cyprus Gas Pipeline Agreement

Egyptian parliament approved the presidential decree number 537 for the year 2018 regarding the governmental agreement between Egypt and Cyprus to establish a direct natural gas subsea pipeline between the two countries, Middle East News Agency (MENA) announced, according to Mubasher.

The agreement was signed in Nicosia in September 2018 in order to facilitate natural gas delivery from Cyprus to Egypt’s liquefaction plants in Idku and Damietta.

According to the agreement, the two parties do not have the right to impose in the conditions related to natural gas obtaining, usage, destination, transport, or supply.

Any of the parties have the right to halt the activity in case of any health, safety and environment (HSE) threat, but only until the issue is treated.

The agreement states that the HSE standards applied in the project should not be less than the European Union (EU)’s HSE standards.

Sarah Samir 3231 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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