Cypriot parliament ratifies natural gas pipe agreement with EgyptChristian Fernsby ▼ | April 13, 2019
Cypriot parliament on Friday ratified an agreement with Egypt to construct a natural gas pipe from eastern Mediterranean to Egyptian shores.
Europe The pipe will convey natural gas from Cyprus' Aphrodite gas field
The pipe will convey natural gas from Cyprus' Aphrodite gas field in Cypriot exclusive economic zone to a liquefaction plant at Idku in Egypt.
The pipe will be constructed by the commercial companies involved in the sale of the gas, the operators of the Egyptian liquefaction plant and U.S.-based Noble Energy which made the discovery of the gas years ago, in association with British Gas, and Israeli Delek Drilling company.
Officials said that it will take up to four years to complete the project and pump gas to Egypt.
Cypriot left wing AKEL party, which voted against the bill, supports the construction of a liquefaction plant in Cyprus.
The Energy Ministry said the construction of a liquefaction plant in Cyprus will depend on the discovery of further natural gas quantities by ExxonMobil, which tapped a gas field early this year, with an estimated capacity of about six trillion cubic feet of natural gas. ■