{"id":97017,"date":"2026-06-16T00:00:00","date_gmt":"2026-06-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=97017"},"modified":"2026-06-16T05:57:08","modified_gmt":"2026-06-16T05:57:08","slug":"egypt-to-transit-and-liquefy-cypriot-gas-from-pegasus-and-glaucus-fields-at-idku-and-damietta","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/06\/16\/egypt-to-transit-and-liquefy-cypriot-gas-from-pegasus-and-glaucus-fields-at-idku-and-damietta\/","title":{"rendered":"Egypt to transit and liquefy Cypriot gas from Pegasus and Glaucus fields at Idku and Damietta"},"content":{"rendered":"

Egypt agreed with QatarEnergy and ExxonMobil to receive and re-export gas from Cyprus’s Pegasus and Glaucus fields<\/strong> through Egyptian pipeline networks, processing plants, and liquefaction facilities at Idku and Damietta. The framework would see Egypt collect transit and processing fees, the Arabic press<\/a> reports, citing an unnamed government official. The arrangement follows an MoU signed in late May<\/a> to explore how to link Cypriot gas discoveries to the country’s energy infrastructure.<\/p>\n

Egyptian infrastructure prevailed over two alternative options<\/strong>, including dedicated production\/liquefaction facilities inside Cyprus and floating production units near the concession area. The fields’ proximity to Egyptian territorial waters gave the country a competitive edge, as did ExxonMobil’s existing concession blocks in Egypt. Egypt’s gas network can handle c. 9 bcf\/d, with surplus processing capacity on the Mediterranean coast exceeding 2 bcf\/d and combined LNG export capacity at Idku and Damietta reaching c. 1.9 bcf\/d, according to the official.<\/p>\n

Why it matters:<\/strong> Egypt remains home to the Eastern Mediterranean’s only large-scale LNG export facilities through the Idku and Damietta liquefaction plants, with a combined nameplate capacity<\/a> of roughly 16.7 bcm per year, PM Mostafa Madbouly said on Saturday (watch, runtime: 2:25<\/a>). To replicate a single liquefaction plant like Idku would take competitors five to seven years and more than USD 10 bn, Madbouly added.<\/p>\n

IN CONTEXT- Pegasus and Glaucus would become the third Cypriot gas development routed through Egyptian infrastructure.<\/strong> Egypt and Cyprus signed agreements<\/a> in October to move gas from the Eni-operated Cronos field (3.1 tcf estimated reserves) to Egyptian processing and liquefaction facilities, with initial deliveries expected in 2027 at c. 500 mmcf\/d. Two months ago, Egyptian Natural Gas Holding Company signed a 15-year gas sales agreement<\/a> to purchase the entirety of Cyprus’s 3.7 tcf Aphrodite field output, underpinned by a USD 2 bn+ subsea pipeline. Total Cypriot gas inflows heading our way are expected to reach c. 1.3 bcf\/d by end-2028 from Cronos and Aphrodite<\/a> gas fields.<\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement cements Egypt\u2019s strategy to act as an East Med infrastructure middleman<\/p>\n","protected":false},"author":0,"featured_media":97018,"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":[41],"tags":[49,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-egypt","tag-trade","wpautop","entry"],"acf":{"full_issue_title":"Egypt to transit and liquefy Cypriot gas from Pegasus and Glaucus fields at Idku and Damietta","teaser":"The agreement cements Egypt\u2019s strategy to act as an East Med infrastructure middleman","mongo_id":"1f122cdbc701755541032564","order":"7","related_issue":[97005],"story_type":"1"},"yoast_head":"\nEgypt to transit and liquefy Cypriot gas from Pegasus and Glaucus fields at Idku and Damietta - 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