Egypt and Cyprus have signed two groundbreaking agreements to develop Cypriot natural gas discoveries using Egyptian infrastructure.
This strategic partnership marks a significant milestone in the region’s energy landscape, bolstering cooperation between Egypt and Cyprus.
The agreements, signed on the sidelines of the Egypt International Energy Conference EGYPS 2025, are a crucial step towards Egypt’s vision of becoming a regional hub for natural gas trade and transportation.
The two agreement were witnessed by President Abdel Fattah El-Sisi of Egypt and Nikos Christodolidis of Cyprus.
By leveraging Egyptian facilities, Cyprus can now tap into the global market, with Egypt poised to receive, process, and re-export Cypriot gas to Europe.
The first agreement was inked by Engineer Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, Mr. George Papanastasio, Cyprus’ Minister of Energy, Trade and Industry, and Engineer Claudio Descalzi, President of Eni Italian Company.
The second agreement was signed by the same ministers, along with Mr. Clay Neff, President of Chevron Global Company for exploration and production activities.
This historic deal is expected to accelerate the development of Cypriot gas fields, including the “Kronos” and “Aphrodite” fields, which will be linked to Egyptian facilities.
As negotiations continue to bring more Cypriot gas to Egypt, this partnership is set to reshape the region’s energy dynamics, fostering greater cooperation and economic growth.
Source: https://energynewsafrica.com
Discover more from Energy News Africa
Subscribe to get the latest posts sent to your email.