Egypt and Cyprus to put pen to paper today: Egypt and Cyprus are slated to sign the latter’s first commercialization agreement for its offshore natural gas production, the Cypriot newspaper Ekathimerini reported on Friday, citing a statement from Cypriot President Nikos Christodoulides. Two agreements will be signed, with one including Eni and Total as signatories, while the other will include Chevron, Shell, and NewMed, Ekathimerini reported citing President Christodoulides.

Cyprus has been laying the groundwork for this: Plans previously floated by Cypriot andEgyptian officials back in September to pipe Cypriot natural gas to Egypt for liquefaction and re-export as LNG are now part of a Chevron-led consortium’s development plan inked with the government of Cyprus, according to a statement published on Thursday. The move is part of a wider development and production plan for the Aphrodite gas field agreed between the Mediterranean nation with US energy giant Chevron, along with UK’s multinational Shell and Israel's NewMed Energy.

REMEMBER- We heard earlier this month that Egypt is close to inking agreements that will see the country procure Cypriot gas for liquefaction and re-export. The gas is set to come from the Eni-Total-controlled Cronos field and Aphrodite field — which is controlled by the Chevron consortium.

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