Cyprus deal to turn Egypt into major gas exporter to Europe
Egypt is hoping to rely less on natural gas imports after signing a deal with Cyprus to transport gas from the small Mediterranean island before it is liquefied in Egypt for exporting to European countries.
Oil and gas experts have expressed optimism about an agreement that was signed Sept. 19 between Egypt and Cyprus to establish a direct subsea gas pipeline that would transport gas from Cyprus’ Aphrodite gas field to Egyptian liquefaction stations for re-export to European countries.
The experts say that the agreement has settled the competition between Egypt and Turkey to supply natural gas to Europe.
