{"id":622763,"date":"2018-10-11T04:35:51","date_gmt":"2018-10-11T04:35:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/four-global-investment-firms-looking-to-finance-egypt-cyprus-usd-1-bn-gas-pipeline\/"},"modified":"2018-10-11T04:35:51","modified_gmt":"2018-10-11T04:35:51","slug":"four-global-investment-firms-looking-to-finance-egypt-cyprus-usd-1-bn-gas-pipeline","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/four-global-investment-firms-looking-to-finance-egypt-cyprus-usd-1-bn-gas-pipeline\/","title":{"rendered":"Four global investment firms looking to finance Egypt, Cyprus\u2019 USD 1 bn gas pipeline"},"content":{"rendered":"

<\/a> ** #6 Four global investment firms are looking to finance Egypt and Cyprus\u2019 USD 1 bn underwater gas pipeline<\/strong>, commercial affairs head at the Cypriot embassy in Israel, Sofronis Papageorgiou, tells Bloomberg<\/a>. The four firms, whose names Papageorgiou declined to disclose, have requested a progress update from the Cypriot government on the Aphrodite natural gas field. The field will be connected to liquefaction plants in Egypt via the planned pipeline. Egypt and Cyprus had signed the agreement<\/a> to construct the pipeline last month, but construction remains contingent on Nicosia\u2019s talks with shareholders in the Aphrodite field, who are looking to revise their profit-sharing agreement with Cyprus. Israel and Cyprus are also working to resolve a border demarcation dispute over Aphrodite and a neighboring Israeli field. However, \u201ceveryone has a clear mandate from their governments to get this done by the end of the year,\u201d Papageorgiou says.<\/p>\n

This came as Egypt and Greece gave Cyprus their blessing to push forward with gas exploration plans<\/strong> in the EastMed, despite objections from Turkey. \u201cWe have clearly expressed our support for Cyprus in its efforts to capitalize on the sovereign rights deriving from International Law regarding (offshore deposits) and to make progress in their exploitation,\u201d Greek Prime Minister Alexis Tsipras told the press yesterday, the Associated Press reports<\/a>.<\/p>\n

The leaders of Egypt, Greece, and Cyprus also agreed yesterday to establish an East Mediterranean Gas Forum<\/strong>, Ittihadiya said<\/a>. The forum \u2014 which will be headquartered in Cairo \u2014 will include among its members all countries that produce and import EastMed gas and work to closely coordinate the region\u2019s policies on gas exploration and management to guarantee the mutual benefits of all the parties involved.<\/p>\n

The three also signed yesterday MoUs to boost cooperation<\/strong> on investment, SMEs, education, customs, and social security. The agreements were signed during a tripartite summit in Crete yesterday at which the leaders of Greece and Cyprus both expressed interest in projects in the new capital and the Suez Canal Economic Zone.<\/p>\n

President Abdel Fattah El Sisi <\/strong>sat down with<\/strong><\/a>both leaders<\/strong><\/a> separately on the sidelines of the summit <\/strong>for discussions that centered around energy cooperation, economic ties, and regional issues, according to a transcript of his remarks<\/a> at a press conference later.<\/p>\n","protected":false},"excerpt":{"rendered":"

** #6 Four global investment firms are looking to finance Egypt and Cyprus\u2019 USD 1 bn underwater gas pipeline, commercial affairs head at the Cypriot embassy in Israel, Sofronis Papageorgiou, tells Bloomberg. The four firms, whose names Papageorgiou declined to disclose, have requested a progress update from the Cypriot government on the Aphrodite natural gas […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622763","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3140e069-d934-4cfe-9de6-05ee63a4d3e3","order":"0","is_powered_by":true,"section_story_id":"b688e2e7-3c4f-4fb4-ab8c-4dca600e7b59","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622753],"teaser":"","voice_url":""},"yoast_head":"\nFour global investment firms looking to finance Egypt, Cyprus\u2019 USD 1 bn gas pipeline - 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\/2018\/10\/11\/four-global-investment-firms-looking-to-finance-egypt-cyprus-usd-1-bn-gas-pipeline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four global investment firms looking to finance Egypt, Cyprus\u2019 USD 1 bn gas pipeline\" \/>\n<meta property=\"og:description\" content=\"** #6 Four global investment firms are looking to finance Egypt and Cyprus\u2019 USD 1 bn underwater gas pipeline, commercial affairs head at the Cypriot embassy in Israel, Sofronis Papageorgiou, tells Bloomberg. 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respective maritime borders and how much of the Aphrodite gas field in the eastern Mediterranean falls in\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":574176,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/01\/egypt-cyprus-talking-extensively-about-moving-ahead-with-gas-pipeline\/","url_meta":{"origin":622763,"position":2},"title":"Egypt, Cyprus talking \u2018extensively\u2019 about moving ahead with gas pipeline","author":"enterpriseam admin","date":"1 September 2020","format":false,"excerpt":"Egyptian and Cypriot officials are in \u201cextensive discussions\u201d on a planned natural gas pipeline linking the two countries, Al Mal reports, citing an unnamed government official. The construction of the pipeline is proceeding according to schedule despite the covid-19 pandemic, the official said, without mentioning dates or milestones. Once completed,\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\/2020\/9\/10.jpg?fit=%2C&ssl=1&resize=350%2C200","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":622763,"position":3},"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":567187,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/israel-begins-natural-gas-shipments-to-egypt\/","url_meta":{"origin":622763,"position":4},"title":"Israel begins natural gas shipments to Egypt","author":"enterpriseam admin","date":"15 January 2020","format":false,"excerpt":"Big news for our regional gas hub ambitions: Israel began pumping the first natural gas destined for Egypt yesterday, almost two years after the countries signed the landmark USD 15 bn agreement, Oil Minister Tarek El Molla and his Israeli counterpart Yuval Steinitz said in a joint statement yesterday (pdf).\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\/2020\/1\/605.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624916,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/fate-of-natural-gas-pipeline-from-cyprus-hinges-on-nicosias-talks-with-aphrodite-field-partners\/","url_meta":{"origin":622763,"position":5},"title":"Fate of natural gas pipeline from Cyprus hinges on Nicosia\u2019s talks with Aphrodite field partners","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"Fate of natural gas pipeline from Cyprus hinges on Nicosia\u2019s talks with Aphrodite field partners: Construction of an underwater pipeline linking Cyprus\u2019 Aphrodite natural gas field with liquefaction facilities in Egypt will reportedly start in 1Q2019, just as the final contracts for the project are signed, Oil Ministry sources claimed\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622763","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=622763"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622763\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622753"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622763"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622763"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}