{"id":624867,"date":"2018-09-20T04:12:38","date_gmt":"2018-09-20T04:12:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline\/"},"modified":"2018-09-20T04:12:38","modified_gmt":"2018-09-20T04:12:38","slug":"egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline\/","title":{"rendered":"Egypt, Cyprus sign agreement on USD 1 bn gas pipeline"},"content":{"rendered":"

<\/a> **#7 Egypt, Cyprus sign agreement on USD 1 bn gas pipeline: <\/strong>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, according to an Oil Ministry statement<\/a>. The agreement sets the regulatory framework for the exchange of natural gas between the two countries, ensuring the \u201csafe development, construction, and operation\u201d of the pipeline, Lakkotrypis said yesterday, according to Cyprus Mail<\/a>. The pipeline is expected to cost at least USD 1 bn to build. The story is getting positive mention from Bloomberg<\/a> this morning.<\/p>\n

The construction schedule is unclear<\/strong>, especially with Cypriot officials still in talks with the consortium holding the license for the Aphrodite field, after they requested amendments to their revenue-sharing agreement with the government. Cypriot officials had previously said that a stalemate or rejection of the request could risk delaying the project by up to a decade. Details on the cost and financing for the pipeline were also not disclosed.<\/p>\n

Background: <\/strong>The new pipeline is a crucial milestone in Egypt\u2019s goal of becoming the premier energy hub in the East Mediterranean. Egypt will re-export the LNG back to Europe after it satisfies local demand, calling on two liquefaction plants on the North Coast. Egypt will also be importing natural gas from Israel under a USD 15 bn pact.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#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, according to an Oil Ministry […]<\/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-624867","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"38b2ca7c-1bc3-43ec-946a-bcff2ae66547","order":"0","is_powered_by":true,"section_story_id":"d43dc7a0-147c-43fb-8006-3d49ad898483","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624853],"teaser":"","voice_url":""},"yoast_head":"\nEgypt, Cyprus sign agreement on 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\/09\/20\/egypt-cyprus-sign-agreement-on-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=\"Egypt, Cyprus sign agreement on USD 1 bn gas pipeline\" \/>\n<meta property=\"og:description\" content=\"**#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, according to an Oil Ministry […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-20T04:12:38+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt, Cyprus sign agreement on USD 1 bn gas pipeline\",\"datePublished\":\"2018-09-20T04:12:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline\/\"},\"wordCount\":245,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/egypt-cyprus-sign-agreement-on-usd-1-bn-gas-pipeline\/\",\"name\":\"Egypt, Cyprus sign agreement on USD 1 bn gas pipeline - 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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":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":624867,"position":1},"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":[]},{"id":630081,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/egypt-and-cyprus-will-be-ready-to-sign-natural-gas-pipeline-contracts-soon-says-cypriot-fm\/","url_meta":{"origin":624867,"position":2},"title":"Egypt and Cyprus will be ready to sign natural gas pipeline contracts soon, says Cypriot FM","author":"enterpriseam admin","date":"11 April 2018","format":false,"excerpt":"Egypt and Cyprus will be ready to sign contracts to establish a natural gas pipeline \u201cin the near future,\u201d Cypriot Foreign Minister Nicos Christodoulides said yesterday, according to Cyprus Mail. The different parties involved \u201care in the process of negotiating the terms of the natural gas sale and the purchase\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":625501,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/07\/egypt-cyprus-reach-agreement-on-gas-pipeline\/","url_meta":{"origin":624867,"position":3},"title":"Egypt, Cyprus reach agreement on gas pipeline","author":"enterpriseam admin","date":"7 August 2018","format":false,"excerpt":"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. \u201cThe\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":625892,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/","url_meta":{"origin":624867,"position":4},"title":"Egypt could be processing natural gas from Cyprus by 2022","author":"enterpriseam admin","date":"26 August 2018","format":false,"excerpt":"Natural gas from Cyprus\u2019 Aphrodite field could begin flowing into Egypt by 2022, according to comments attributed to Cypriot Energy Minister Giorgos Lakkotrypis last week by the Cyprus Mail. The plan, however, is contingent on talks between the Cypriot government and a consortium made up of Noble Energy, Israel\u2019s Delek,\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":631602,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/22\/egypt-cyprus-moving-ahead-with-plans-for-lng-import-agreement\/","url_meta":{"origin":624867,"position":5},"title":"Egypt, Cyprus moving ahead with plans for LNG import agreement","author":"enterpriseam admin","date":"22 March 2018","format":false,"excerpt":"Egypt, Cyprus moving ahead with plans for LNG import agreement: Cairo and Nicosia appear to be moving ahead in their plans to connect Cyprus\u2019 Aphrodite gas field to one of Egypt\u2019s two liquefaction plants in Idku and Damietta. 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