{"id":625892,"date":"2018-08-26T04:12:03","date_gmt":"2018-08-26T04:12:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/"},"modified":"2018-08-26T04:12:03","modified_gmt":"2018-08-26T04:12:03","slug":"egypt-could-be-processing-natural-gas-from-cyprus-by-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/","title":{"rendered":"Egypt could be processing natural gas from Cyprus by 2022"},"content":{"rendered":"

Natural gas from Cyprus\u2019 Aphrodite field could begin flowing into Egypt by 2022, <\/strong>according to comments attributed to Cypriot Energy Minister Giorgos Lakkotrypis last week by the Cyprus Mail<\/a>. The plan, however, is contingent on talks between the Cypriot government and a consortium made up of Noble Energy, Israel\u2019s Delek, and Royal Dutch Shell, who are looking to renegotiate the financial terms of their contract for the field, according to Lakkotrypis. \u201cThe consortium wants to renegotiate because current, lower global oil prices don't make viable a preliminary [agreement] to sell Aphrodite gas to a Shell-operated processing plant in Egypt,\u201d the minister said, according to the Associated Press<\/a>.<\/p>\n

Background: <\/strong>Egypt and Cyprus had reached a preliminary agreement<\/a> earlier this month to connect the Aphrodite field with liquefaction plants in Egypt via an underwater pipeline worth up to USD 1 bn. The move is part of Egypt\u2019s 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. Oil Minister Tarek El Molla had previously said that Egypt would reach natural gas self-sufficiency by January 2019<\/a> as it ramps up production from the Zohr gas field and other projects.<\/p>\n

On a related note: Yale Global says<\/strong><\/a> that Egypt is \u201cthe most logical\u201d gas export hub for the region despite some \u201cpending issues.\u201d<\/strong> Several factors play out in our favor, including existing refining and export infrastructure, location, and access to suppliers and buyers in the region. \u201cSome of Egypt\u2019s plans, however, may be too optimistic \u2014 from the quality of the gas in Zohr to the Mediterranean underground pipelines \u2014 and the nation is an immense market itself, compelling the government to fulfill local needs before considering exports.\u201d The security situation in the Sinai Peninsula and Egypt\u2019s local consumption needs also remain points of concern, and bringing our hub plans to fruition remains contingent on careful policy and more transparent local communication.<\/p>\n

In other energy news: The Electricity Ministry plans to begin work on a power interconnection project with Nicosia in December<\/strong>, sources tell Al Mal<\/a>. The project, which could see the two countries exchange up to 2 GW of power, is also expected to extend into Greece and will take about 36 months to complete, according to the sources. President Abdel Fattah El Sisi had met in June with executives<\/a> from EuroAfrica Interconnector to discuss the USD 4 bn project after EuroAfrica finished feasibility studies. The interconnection project with Cyprus and Greece is part of a larger plan to link to power grids in Africa and Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"

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, and Royal Dutch Shell, who […]<\/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-625892","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"680b2de7-b4b4-41e8-86c5-0b619eaa0427","order":"0","is_powered_by":true,"section_story_id":"c61c9c37-409f-4d85-a23e-1c51551a0d75","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625883],"teaser":"","voice_url":""},"yoast_head":"\nEgypt could be processing natural gas from Cyprus by 2022 - 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\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt could be processing natural gas from Cyprus by 2022\" \/>\n<meta property=\"og:description\" content=\"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, and Royal Dutch Shell, who […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-26T04:12:03+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt could be processing natural gas from Cyprus by 2022\",\"datePublished\":\"2018-08-26T04:12:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/\"},\"wordCount\":438,\"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\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/\",\"name\":\"Egypt could be processing natural gas from Cyprus by 2022 - 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Under the proposal recently floated by\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":625892,"position":2},"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":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":625892,"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":631602,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/22\/egypt-cyprus-moving-ahead-with-plans-for-lng-import-agreement\/","url_meta":{"origin":625892,"position":4},"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. Cypriot Energy Minister Giorgos Lakkotrypis said yesterday that Turkish \u201cprovocations\u201d would not\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":625892,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625892","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=625892"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625892\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625883"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625892"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625892"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}