Cypriot House Ratifies Natural Gas Pipeline Agreement with Egypt
The Cypriot House of Representatives approved the agreement between Egypt and Cyprus to establish a natural gas subsea pipeline between the two countries.
The Cypriot House of Representatives approved the agreement between Egypt and Cyprus to establish a natural gas subsea pipeline between the two countries.
Companies involved in the $15 billion gas deal revealed the issues in the pipeline will need more work than what was initially planned to start transporting natural gas.
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.
The pipeline system will feature a manifold for distributing Ethylene Oxide and Propylene Oxide to a number of PlasChem Park tenants.
The partnership will result in around $4 billion to ADNOC and is expected to close in Q3 2019.
ACWA Power and the Ministry of Petroleum and Mineral Resources agreed to pay $90 million to deliver natural gas through a pipeline connected to the company's electric power plant in Luxor.
The agreement aims to facilitate exporting natural gas from Cyprus to Egyptian liquefaction plants, Idku and Damietta.
Israel's domestic pipeline infrastructure reportedly does not have the capacity to transfer the contracted quantities of natural gas from the Tamar and Leviathan fields to Egypt.
Four investment banks have shown interest in funding the natural gas pipeline linking Cyprus's Aphrodite field to Egyptian liquefaction facilities, a Cypriot official involved in the country’s energy sector stated ...
Saudi Aramco and the Bahrain Petroleum Company (BAPCO) have commissioned the AB-4 pipeline, a new phase of the Saudi-Bahrain crude oil pipeline.