Egypt, Cyprus reach agreement on key gas pipeline: Cairo and Nicosia have reached an agreement to connect the Aphrodite gas field liquefaction plants in Egypt, Cyprus state television CyBC said, according to the Cyprus Mail. The agreement will be inked sometime in the fall, CyBC said, citing diplomatic sources. “The agreement has already been given the green light by the EU and it is being scrutinised for the final touches,” sources added. The pipeline, which is expected to cost between USD 800 mn and USD 1 bn, is a crucial stepping stone towards Egypt’s strategy to become the natural gas export hub for the Eastern Mediterranean as it plans to re-export a portion of the LNG to Europe after satisfying local demand. Egypt is hoping to reach natural gas self-sufficiency before the end of 2018, as more production units from the Zohr gas field come online.

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