Egypt, Cyprus, Greece Discuss Energy in Tripartite Meeting
The Egyptian foreign minister, Sameh Shoukry, has held talks with his Greek and Cypriot counterparts Nikos Kotzias and Nikos Christodoulidis regarding energy cooperation.
The Egyptian foreign minister, Sameh Shoukry, has held talks with his Greek and Cypriot counterparts Nikos Kotzias and Nikos Christodoulidis regarding energy cooperation.
Egypt and Cyprus have reached an agreement with an unnamed European company to provide $1.5 billion to help finance the electricity transmission project between the two countries.
Cyprus is hoping to ship gas from its 4.5 trillion cubic feet Aphrodite offshore gas field to Egypt by 2022, Cyprus energy minister Giorgos Lakkotrypis has said.
The EuroAfrica CEO has presented a feasibility study for connecting the Egyptian and Cypriot electricity grids.
The daily output of Egypt’s Zohr natural gas field has reached 900 million standard cubic feet (mscf) after the second and third lines were linked to production.
Egypt plans to sign a joint agreement with Cyprus to construct a direct pipeline from the Cypriot Aphrodite natural gas field to Egypt.
Egypt and Cyprus will soon sign an agreement to establish an undersea natural gas pipeline between Cyprus’s exclusive economic zone to an Egyptian liquefied natural gas plant.
Egyptian and Cypriot officials have discussed the implementation of an African-European electricity project between Egypt, Cyprus and Greece.
Eni will drill two new exploratory wells in Cyprus’ territorial waters.
Egypt’s natural gas could prove an alternative energy source for Europe.