Enppi has completed the technical and financial studies for the import of gas from Cyprus, the results are currently under review by EGAS to begin extending the maritime pipeline to Cyprus for imports to commence.
The Aphrodite natural gas field off Cyprus has been proven to be commercially viable and plans include producing 8bcm a year and construction of a pipeline to Egypt for exporting.
Egypt and Cyprus have activated the exchange of information between the two sides to start the technical and economic studies for the marine pipeline importing gas from Cyprus’ Aphrodite gas field.
The Egyptian Natural Gas Holding Company (EGAS) signed a Memorandum of Understanding (MoU) with Cyprus Hydrocarbons Company (CHC) in the fields of petroleum and natural gas.
A Noble Energy delegation arrived in Egypt to resume negotiation with state-run Egyptian Natural Gas Holding Company (EGAS) to discuss importing gas from the Aphrodite field in Cyprus.
Greece's prime minister says Turkey must respect Cyprus' right to search for gas off its shores instead of issuing threats, so that suspended talks to reunify the ethnically divided island can resume.
Cyprus has approximately $129 billion (EUR 100 billion) worth of natural gas that will satisfy its electricity production needs for 210 years, said Commerce Minister Praxoulla Antoniadou.