The development and exploitation of the Cypriot ‘Aphrodite’ gas field in block 12 of Cyprus’ Exclusive Economic Zone, will be done by stilling existing gas infrastructure in Egypt for the mutual benefit of the two countries, Energy Minister Yiorgos Lakkotrypis said.
Speaking Monday afternoon upon arrival from Egypt where he signed an MoU in oil and gas cooperation, the Minister noted that today Cyprus and Egypt have taken a very important step but explained that it takes time to conclude the agreement between the two countries because the terms need to be agreed in detail.
In particular, the MoU authorizes the Egyptian Natural Gas Holding Company (EGAS) and the Cyprus Hydrocarbons Company (CHC) Ltd to examine technical solutions for transporting natural gas, through a direct marine pipeline, from the «Aphrodite» field to Egypt.
Publish by: www.cna.org.cy
