Egypt and Cyprus put pen to paper tomorrow: Cypriot President Nikos Christodoulides reconfirmed that he will sign “the first agreements for the commercialization of natural gas from deposits in the Republic of Cyprus” tomorrow. “The first agreement concerns the Republic of Cyprus, Egypt, Eni and Total, while the second involves the Republic of Cyprus, Egypt, Chevron, Shell, and NewMed,” he said.

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Cypriot gas from the country’s Cronos and Aphrodite fields will also be coming our way, with reports last month claiming that the field’s joint owners will ink an agreement for the liquefaction and re-export of its gas with the Madbouly government. The upcoming agreement with French energy company TotalEnergies and Italian energy giant Eni appears to earmark most of the incoming gas for re-export.

This comes following new that the plans to set up an energy corridor between Cyprus and Egypt are moving forward: Plans previously floated by Cypriot and Egyptian officials to pipe Cypriot natural gas to Egypt for liquefaction and re-export as LNG are now part of a Chevron-led consortium’s development plan inked with the government of Cyprus, according to a statement. The move is part of a wider development and production plan for the Aphrodite gas field agreed between the Mediterranean nation with US energy giant Chevron, along with UK’s multinational Shell and Israel’s NewMed Energy.

What they said: “We look forward to the expeditious development of the field via Egypt’s facilities, a tangible step towards establishing the role that Cyprus envisions in the energy sector of the region, for the benefit of the country and its people,” said Cypriot Energy Minister George Papanastasiou.

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