Egypt, Cyprus Discuss Boosting Eastern Med Gas Cooperation

Published August 6th, 2020 - 07:30 GMT
Egypt, Cyprus Discuss Boosting Eastern Med Gas Cooperation
The two countries also progressed talks to build a marine pipeline between the two countries to transfer natural gas from the Aphrodite gas field of Cyprus and re-export it through Egypt. (Shutterstock)
Highlights
The pair agreed to hold a further meeting within the next two weeks to complete the procedures for the forum.
 
Egypt and Cyprus plan to boost cooperation in developing gas infrastructure in the Easter Mediterranean.

Egypt’s petroleum and mineral resources minister Tariq Al-Mulla on Wednesday discussed plans to convert the East Mediterranean Gas Forum to an intergovernmental organization with Cyprus’s Minister of Energy Natasa Pilides.

The pair agreed to hold a further meeting within the next two weeks to complete the procedures for the forum.

The two countries also progressed talks to build a marine pipeline between the two countries to transfer natural gas from the Aphrodite gas field of Cyprus and re-export it through Egypt.

A 2010 study by the United States Geological Survey estimated the volume of gas reserves in the eastern Mediterranean basin to be about 345 trillion cubic feet of gas. This basin also contains some 3.4 billion barrels of oil, along with large quantities of gas liquids.

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