According to a statement from Egypt’s Ministry of Petroleum and Mineral Resources, the agreements define the operational and commercial frameworks for the transfer, supply, processing, and liquefaction of Cypriot gas for export, while also regulating the use of Egypt’s gas infrastructure.
Egypt and Cyprus have signed a series of agreements concerning the transport of natural gas from Cyprus’s Cronos field to Egypt, linking it to Egypt’s well-established gas infrastructure.
According to a statement from Egypt’s Ministry of Petroleum and Mineral Resources, the agreements define the operational and commercial frameworks for the transfer, supply, processing, and liquefaction of Cypriot gas for export, while also regulating the use of Egypt’s gas infrastructure.
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, said the signing marks the culmination of the successful understandings between President Abdel Fattah El-Sisi and Cypriot President Nikos Christodoulides, aimed at strengthening cooperation between the two countries and accelerating the connection of Cypriot gas fields to Egypt’s facilities.
Speaking on the sidelines of the East Mediterranean Energy Conference (EMC) in Limassol, Cyprus, Badawi noted that these agreements reinforce Egypt’s role as a regional hub for natural gas trade and distribution in the Eastern Mediterranean, while also supporting Cyprus’s efforts to develop and export its gas resources through Egypt’s infrastructure.
During the conference, the two sides initialed a tariff agreement for the Cronos field project between the Ministry of Petroleum and global energy companies Eni and TotalEnergies, and also signed an agreement covering the handling, processing, and transportation of gas from the Cronos field.
The Cronos field holds estimated reserves of around 2.5 trillion cubic feet of gas, and Egypt aims to begin receiving Cypriot gas for re-export to Europe by 2027, according to earlier statements by the petroleum minister during his visit to Cyprus last September.
The two countries are also studying plans to connect the Aphrodite field, which contains about 3.5 trillion cubic feet of gas, to Egypt’s liquefaction plants, paving the way for exports to European markets.
In April, Cypriot authorities announced that U.S. energy company Chevron would begin a seabed survey in the Eastern Mediterranean during the summer in preparation for constructing a pipeline linking a major Cypriot offshore gas field to Egypt’s processing facilities.
