Cyprus signs deal with Egypt for gas transfers via pipeline
(Reuters) Cyprus signed a deal for the transfer of natural gas via pipeline to Egypt, once extraction of discoveries made off the Mediterranean island begins.
US energy firm Noble found an estimated 4.5 Tcf of natural gas in one prospect off Cyprus in late 2011.
A consortium of Italy's ENI and Korea's KoGas have a contract with Cyprus for exploration over three offshore blocks. French oil major Total has exploration rights over one block.
The accord was signed in the Cypriot capital Nicosia by Egyptian petroleum minister Tarek El Molla and Cypriot energy minister Yiorgios Lakkotrypis.
Cyprus received expressions of interest from ENI, Total, Statoil, Exxon Mobil, Qatar Petroleum, and Cairn in a licensing round for another three offshore hydrocarbon blocks in a licensing round in late July.
Reporting by Michele Kambas; Editing by Mark Potter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years
Comments