Back to the complete issue
Thursday, 12 April 2018

Egypt and Cyprus likely to build underwater pipeline to move gas between them

It seems an underwater pipeline will be the way to move gas from Cyprus’ Aphrodite field to Egypt’s gas facilities, according to statements by Cypriot Foreign Minister Nicos Christodoulides. Nicosia and Cairo are considering the construction of an underwater pipeline for the transfer of natural gas from the Cypriot Economic Exclusion Zone (EEZ) to Egypt’s LNG liquefaction facilities, he told AMAY in an interview yesterday.

That’s if Turkey doesn’t get in the way. Responding to a question as to how Nicosia will face a possible drilling by Turkey in Cypriot waters in the EEZ, Christodoulides said the Cypriot government is working to prevent such an act, which, in practice, will jeopardize any attempt to resolve the Cyprus problem. He added that the matter was discussed with Foreign Minister Sameh Shoukry on Tuesday. Christodoulides met with President Abdel Fattah El Sisi and Prime Minister Sherif Ismail yesterday to discuss gas and other avenues of cooperation ahead of Cypriot President Nicos Anastasiades visit to Cairo early next month.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.