{"id":692845,"date":"2026-04-14T00:00:00","date_gmt":"2026-04-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=692845"},"modified":"2026-04-14T04:23:31","modified_gmt":"2026-04-14T04:23:31","slug":"egypt-to-buy-all-gas-from-cyprus-aphrodite-field-under-new-pipeline-agreements","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/14\/egypt-to-buy-all-gas-from-cyprus-aphrodite-field-under-new-pipeline-agreements\/","title":{"rendered":"Egypt to buy all gas from Cyprus\u2019 Aphrodite field under new pipeline agreements"},"content":{"rendered":"

Egypt <\/strong>is<\/strong> set to purchase the entirety of the natural gas produced from <\/strong>Cyprus\u2019s <\/strong>3.7<\/strong> tcf Aphrodite field<\/strong>, according to a disclosure (pdf)<\/a>. The agreement was finalized after the Egyptian Natural Gas Holding Company (Egas) inked a term sheet with field partners NewMed Energy, Chevron, and Shell, alongside a host government agreement to build a USD 2 bn pipeline connecting the field to Egypt\u2019s coast.<\/p>\n

Why it matters: <\/strong>The agreement secures some 100 bcm of Cypriot gas over time with hopes of re-exporting to Europe, feeding Egypt\u2019s liquefaction infrastructure and reinforcing its position as the East Med\u2019s premier processing hub<\/a>. The massive supply will feed our LNG export facilities at Idku and Damietta while also providing fuel for domestic consumption amid an ongoing energy crisis \u2014 helping reduce our large LNG import bill and reduce reliance on pipeline gas from Israel.<\/p>\n

The details:<\/strong> The subsea transmission system will be constructed and operated by Aphrodite Midstream, a new special purpose company jointly owned by the Aphrodite partners and an Egyptian government-appointed entity. Under the 15-year contract \u2014 which includes a five-year extension option \u2014 the gas price will be linked to Brent crude, complete with a floor and a ceiling price. Gas will land at Port Said via pipeline, receiving up to 700 mmcf\/d for six years before shifting to flexible volumes.<\/p>\n

ICYMI-<\/strong> Cyprus agreed in February<\/a> to foot the entire USD 2 bn bill for the pipeline, dropping its push for cost-sharing in exchange for utilizing Egyptian liquefaction infrastructure. Last year<\/a>, the government reached an agreement with Italy\u2019s Eni to connect Cyprus\u2019s offshore Cronos gas field to Zohr infrastructure for liquefaction and re-export starting 2027.<\/p>\n

What\u2019s next:<\/strong> The parties have 12 months to sign final agreements, while the Egyptian parliament has six months to approve the fiscal framework. A final investment decision must be adopted within 12 months of the final contracts being signed, with pipeline construction expected to begin in 2027, while gas from Aphrodite will start heading our way by 2030.<\/p>\n

\u00a0<\/p>\n\n\n\n","protected":false},"excerpt":{"rendered":"

Newly established company Aphrodite Midstream will lead the construction of the gas pipeline<\/p>\n","protected":false},"author":1,"featured_media":692846,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[780,93,72,1056,91,594],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-692845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-chevron","tag-energy","tag-enterpriseam","tag-newmed-energy","tag-oil-and-gas","tag-shell","wpautop","entry"],"acf":{"mongo_id":"1e72bfac-06f1-4667-aa45-e8ada5f8de7b","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/926.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt claims total output of Cyprus\u2019 Aphrodite gas field","related_issue":[692834],"teaser":"Newly established company Aphrodite Midstream will lead the construction of the gas pipeline","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"\nEgypt to buy all gas from Cyprus\u2019 Aphrodite field under new pipeline agreements - 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\/2026\/04\/14\/egypt-to-buy-all-gas-from-cyprus-aphrodite-field-under-new-pipeline-agreements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to buy all gas from Cyprus\u2019 Aphrodite field under new pipeline agreements\" \/>\n<meta property=\"og:description\" content=\"Newly established 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plans to build a floating LNG facility","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\/2023\/9\/7.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587787,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/01\/newmed-and-partners-to-build-egypt-cyprus-gas-pipeline\/","url_meta":{"origin":692845,"position":1},"title":"NewMed and partners to build Egypt-Cyprus gas pipeline","author":"enterpriseam admin","date":"1 June 2023","format":false,"excerpt":"The pipeline could boost our LNG exports to Europe","rel":"","context":"In 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