{"id":628576,"date":"2018-05-08T04:12:37","date_gmt":"2018-05-08T04:12:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/egypts-lng-pipeline-with-cyprus-expected-to-cost-usd-800-mn-1-bn-el-molla-says\/"},"modified":"2018-05-08T04:12:37","modified_gmt":"2018-05-08T04:12:37","slug":"egypts-lng-pipeline-with-cyprus-expected-to-cost-usd-800-mn-1-bn-el-molla-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/egypts-lng-pipeline-with-cyprus-expected-to-cost-usd-800-mn-1-bn-el-molla-says\/","title":{"rendered":"Egypt\u2019s LNG pipeline with Cyprus expected to cost USD 800 mn-1 bn, El Molla says"},"content":{"rendered":"

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<\/strong>, Oil Minister Tarek El Molla said at a joint press conference with Cypriot Energy Minister Yiorgos Lakkotrypis yesterday, Reuters reports<\/a>. No announcement was made on how both countries plan to split the cost of the pipeline. Cairo and Nicosia will sign a final contract for the pipeline \u201cas quickly as possible,\u201d Lakkotrypis said, but did not specify a date.<\/p>\n

What we don\u2019t use will be exported to Europe:<\/strong> The agreement for the pipeline will see some of the Cypriot gas used for Egypt\u2019s domestic consumption, while the remainder will be exported back to Europe, according to a ministry statement<\/a>.<\/p>\n

Signing the agreement still hinges on Cyprus and Israel to resolve their territorial dispute over the Aphrodite field<\/strong>. Israeli Prime Minister Benjamin Netanyahu and Energy Minister Yuval Steinitz are flying to Cyprus today to discuss the dispute, whose resolution will unlock \u201cmulti-bn USD plans to turn the eastern Mediterranean into a major energy hub,\u201d Reuters reports<\/a>. Israel\u2019s approval is necessary for Cairo and Nicosia to move ahead with the planned pipeline. Lakkotrypis had said that an expert would be called in to arbitrate if the two sides are unable to reach an agreement, as we noted previously<\/a>.<\/p>\n

Separately, El Molla announced that production from the Zohr gas field has reached 900 mcf\/d<\/strong> after the second and third production units were recently launched, a ministry statement reads<\/a>. Production is also expected to reach 1.2 bcf\/d within the next few days as the units\u2019 output is optimized ahead of Ramadan. Another two production units will be brought online by August.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 countries plan to split the […]<\/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-628576","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"91d7f3d0-bb46-443b-a341-fea82e4888b5","order":"0","is_powered_by":true,"section_story_id":"3b49aff1-038a-4570-b2d6-44b5736c268c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628561],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s LNG pipeline with Cyprus expected to cost USD 800 mn-1 bn, El Molla says - 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\/05\/08\/egypts-lng-pipeline-with-cyprus-expected-to-cost-usd-800-mn-1-bn-el-molla-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s LNG pipeline with Cyprus expected to cost USD 800 mn-1 bn, El Molla says\" \/>\n<meta property=\"og:description\" content=\"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. 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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":632976,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/egypt-might-sign-export-agreement-for-east-med-gas-to-europe-as-early-as-mid-2018\/","url_meta":{"origin":628576,"position":3},"title":"Egypt might sign export agreement for East Med gas to Europe as early as mid-2018","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Egypt might sign an export agreement to ship East Med gas to Europe as early as mid-2018: Egypt will sign a memorandum of understanding with the EU to export gas from the East Mediterranean through its liquefaction plants before mid-2018, said Oil Minister Tarek El Molla at the International Petroleum\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":628576,"position":4},"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":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":628576,"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. 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