{"id":546726,"date":"2022-05-26T04:00:08","date_gmt":"2022-05-26T04:00:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/egypt-cyprus-to-break-ground-on-gas-pipeline-this-year-el-molla\/"},"modified":"2022-05-26T04:00:08","modified_gmt":"2022-05-26T04:00:08","slug":"egypt-cyprus-to-break-ground-on-gas-pipeline-this-year-el-molla","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/egypt-cyprus-to-break-ground-on-gas-pipeline-this-year-el-molla\/","title":{"rendered":"Egypt, Cyprus to break ground on gas pipeline this year -El Molla"},"content":{"rendered":"

<\/a> Construction of the pipeline connecting <\/strong>Cyprus\u2019 Aphrodite natural gas field <\/strong>to <\/strong>Egypt will begin by the end of the year<\/strong>, Oil Minister Tarek El Molla told Bloomberg Asharq<\/a> yesterday at the World Economic Forum (WEF). The planned pipeline will allow natural gas from the field \u2014 estimated to hold as much as 4.5 tn cubic feet of natural gas<\/a> \u2014 to flow to Egypt\u2019s liquefaction facilities at Idku and Damietta for processing and shipment onward to Europe and elsewhere as liquefied natural gas (LNG).<\/p>\n

The pipeline is expected to be up and running by 2025<\/strong>, El Molla said, adding that both countries\u2019 parliaments have signed off on the plan. That\u2019s just about what the industry expected: Gas flows from the field had been projected to start by 2024 or 2025<\/a>.<\/p>\n

Who\u2019s involved? <\/strong>Israeli energy company NewMed Energy and Chevron are developing the Aphrodite gas field<\/a> in partnership with Shell. We don\u2019t yet know which companies are being brought on board to build the pipeline itself. NewMed and Chevron which are also the joint developers of the two Israeli gas fields that already supply our LNG plants.<\/p>\n

The project is more important than ever in light of the war in Ukraine:<\/strong> The east Mediterranean could become one of the EU\u2019s most important sources of natural gas in the coming years as it looks to wind down imports of Russian gas, which currently provide 40% of the bloc\u2019s consumption. In a plan released last week, the EU said it will invest EUR 12 bn<\/a> in pipelines and LNG facilities to increase gas supplies from other producers such as Egypt and Israel.<\/p>\n

Egypt is on board:<\/strong> \u201cWe have ambitious plans to coordinate with neighboring eastern Mediterranean countries on meeting the increased demand from the EU \u2014 and the world \u2014 for LNG over the next few years,\u201d El Molla said. The minister said earlier this week<\/a> that Egypt will be in a position to increase exports to Europe in the next two or three years.<\/p>\n

We\u2019ve been working to boost our energy ties with our neighbors for some time: <\/strong>The Cairo-based East Mediterranean Gas Forum<\/a> brings Egypt, Greece, Cyprus, Jordan, Israel, Palestine, Italy and France together to work on developing regional gas assets<\/a>. The Madbouly government also late last year signed agreements<\/a> with Greece and Israel laying the groundwork to up import and re-export volumes.<\/p>\n

Rising summer consumption curbs exports: <\/strong>Egypt is currently exporting around 1 bn cubic feet of LNG per day \u2014 down from exports of 1.6 bn cubic feet per day back in December, when the Idku and Damietta LNG plants were running at maximum capacity<\/a>. Shipments had been expected to fall to 1 bcf\/d by this summer due to rising domestic consumption.<\/p>\n

We won\u2019t raise LNG exports back to last year\u2019s levels for some time: <\/strong>The government plans to bring exports back up to 1.5 bcf\/d over the next couple of years, El Molla said yesterday.<\/p>\n

And some projects to add capacity have been delayed: <\/strong>Plans to develop some local refineries have been pushed back to FY 2023-2024, El Molla said, without clarifying which projects he was referring to.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction of the pipeline connecting Cyprus\u2019 Aphrodite natural gas field to Egypt will begin by the end of the year, Oil Minister Tarek El Molla told Bloomberg Asharq yesterday at the World Economic Forum (WEF). The planned pipeline will allow natural gas from the field \u2014 estimated to hold as much as 4.5 tn cubic […]<\/p>\n","protected":false},"author":1,"featured_media":546727,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[211,1906,1953,93,72,91,195],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-cyprus","tag-davos-2022","tag-eastern-mediterranean-gas-forum","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-tarek-el-molla","wpautop","entry"],"acf":{"mongo_id":"d3e83f43-ae59-490e-961f-2ffbeef74788","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/343.jpg","photo_position":"above","related_issue":[546722],"teaser":"","voice_url":""},"yoast_head":"\nEgypt, Cyprus to break ground on gas pipeline this year -El Molla - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/egypt-cyprus-to-break-ground-on-gas-pipeline-this-year-el-molla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt, Cyprus to break ground on gas pipeline this year -El Molla\" \/>\n<meta property=\"og:description\" content=\"Construction of the pipeline connecting Cyprus\u2019 Aphrodite natural gas field to Egypt will begin by the end of the year, Oil Minister Tarek El Molla told Bloomberg Asharq yesterday at the World Economic Forum (WEF). 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Talks included the potential extension of natural gas pipelines between Egypt and Europe, which would see gas sent to liquefaction plants in Egypt before it\u2019s re-exported.\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628576,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/egypts-lng-pipeline-with-cyprus-expected-to-cost-usd-800-mn-1-bn-el-molla-says\/","url_meta":{"origin":546726,"position":1},"title":"Egypt\u2019s LNG pipeline with Cyprus expected to cost USD 800 mn-1 bn, El Molla says","author":"enterpriseam admin","date":"8 May 2018","format":false,"excerpt":"The pipeline connecting Cyprus\u2019 Aphrodite gas field to Egypt\u2019s liquefaction plants is expected to cost between USD 800 mn and USD 1 bn, Oil Minister Tarek El Molla said at a joint press conference with Cypriot Energy Minister Yiorgos Lakkotrypis yesterday, Reuters reports. No announcement was made on how both\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624867,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline\/","url_meta":{"origin":546726,"position":2},"title":"Egypt, Cyprus sign agreement on USD 1 bn gas pipeline","author":"enterpriseam admin","date":"20 September 2018","format":false,"excerpt":"**#7 Egypt, Cyprus sign agreement on USD 1 bn gas pipeline: Oil Minister Tarek El Molla signed an agreement yesterday with Cypriot Energy Minister Yiorgos Lakkotrypis that will see the two countries collaborate to establish a direct underwater pipeline connecting Cyprus\u2019 Aphrodite natural gas field to liquefaction plants in Egypt,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558441,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/egypt-could-liquefy-and-export-israeli-natgas\/","url_meta":{"origin":546726,"position":3},"title":"Egypt could liquefy and export Israeli natgas","author":"enterpriseam admin","date":"10 August 2021","format":false,"excerpt":"Damietta, Idku plants could become LNG import-and-export terminals for Israeli natgas: Oil Minister Tarek El Molla discussed with his Israeli counterpart Karine Elharrar during a phone call yesterday \u201cfuture plans\u201d to receive and liquefy Israeli natural gas at Egypt\u2019s LNG facilities (read: the Damietta and Idku liquefaction plants) before it\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/134.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623239,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/23\/egypts-enppi-and-petrojet-complete-60-of-jordan-natgas-network-expansion\/","url_meta":{"origin":546726,"position":4},"title":"Egypt\u2019s Enppi and Petrojet complete 60% of Jordan natgas network expansion","author":"enterpriseam admin","date":"23 October 2018","format":false,"excerpt":"State energy companies Enppi and Petrojet have completed 60% of a project to expand the natural gas network in Jordan, Oil Minister Tarek El Molla said, according to Ahram Online. The two companies are expected to inaugurate the project in October 2019. We had previously noted that Enppi and EGAS\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553445,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/egypts-lng-exports-are-maxed-out\/","url_meta":{"origin":546726,"position":5},"title":"Egypt\u2019s LNG exports are maxed out","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"Egypt\u2019s LNG terminals are running at full capacity as the country tries to capitalize on the surge in natural gas prices overseas, Oil Minister Tarek El Molla told Reuters on Thursday. The country is currently exporting the equivalent of around 1.6 bn cubic feet per day (bcf\/d), helped by the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546726"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546726\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546727"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546726"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546726"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}