Egypt's Sisi directs further efforts to develop higher education    Lebanon's Khatib says Sunnis want Hariri to be PM again    Egypt's parliament speaker slams justice minister over 'inaction' in fighting corruption at notary offices    Egypt's foreign reserves sufficient to cover imports for 8 months – minister    'The Irishman' draws 17 million U.S. viewers on Netflix, Nielsen estimates    Art Alert: King Lear on Cairo stage four times in December    Man arrested for alleged racist behaviour during Manchester derby    Half of lymphoma patients alive three years after new cell therapy treatment: Study    Trump asks World Bank not to lend money to China    Egypt's fuel subsidy bill drops by 69% year on year July-Sept: Minister    Protesters flood Hong Kong as government urges calm    Saudi airman may have become radicalized before US Navy base attack    UK PM Johnson promises lower immigration if he wins election    Salah's absence was 'bad luck' for El-Badry's debut with Egypt, says EFA boss    Rocket hits Iraqi cleric's home following deadly Baghdad attack    Live score: Aston Villa v Leicester City (English Premier League)    Winners of African App Launchpad cup announced    Egypt's Sisi reviews anticipated New Administrative Capital relocation plan    Iran says new budget bucks US oil embargo, uses Russian loan    New waste management system needs cooperation at all levels: minister    Criminal court sentences 4 to death for killing 3 policemen in 2016 robbery    The role of academic institutions in culture industry discussed at Alexandria Theatre Festival    Even being big, burly one needs his mother    Egypt Zamalek's new coach eyes winning start in Champions League against 1º de Agosto    Egypt's Cabinet denies reports on increasing Jan. train fares    WHO decries "collective failure" as measles kills 140,000    Things to do to receive 2020 feeling better    Mohamed Salah, Zamalek's Hamed represent Egypt in shortlists for CAF awards    Rate of HIV infections in Egypt around 0.02% – minister    Adam Sandler threatens to make ‘so bad' movie if he doesn't win Oscar    Egypt's Tahrir Square among top Reuters photos of a decade    Ahly labour to Egypt Cup win over second-division Beni Suef    Gearing up for the World Youth Forum    Shaaban Abdel Rahim, passed away aged 62 years    Egypt names 16 new governors ahead of anticipated Cabinet reshuffle    Egypt's MPs back potential return of information minister post in expected reshuffle    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Egypt, Cyprus reach preliminary agreement to construct gas import pipelines
Construction phase to last 2 years, import begins in 3 years
Published in Daily News Egypt on 02 - 12 - 2017

Egypt has reached a preliminary agreement to extend natural gas transmission pipelines from Cypriot fields to Egyptian liquefaction plants, an official source at the Ministry of Petroleum and Mineral Resources said.
According to the source, the two sides agreed on some details related to the import of Cypriot gas, most notably, the extension of natural gas pipelines from Cypriot fields to the natural gas liquefaction plant in the area of Idku, although distribution of the pipeline construction cost has not yet been agreed.
The source said that the establishment of the line could take two years, especially as Cypriot gas will not be ready for export before three years. He added that the line's capacity will reach 700 million cubic feet per year, expecting the gas to begin pumping in 2019 or 2020.
The source said that part of the imported Cypriot gas will be directed for consumption in the local market, while the other part will be allocated for export through the liquefaction stations, as part of Egypt's plan to become a regional energy hub.
Minister of Petroleum and Mineral Resources Tarek El Molla, signed a memorandum of understanding (MoU) last year with Cypriot Minister for Energy, Commerce, Industry, and Trade Yiorgos Lakkotrypis to transfer gas from Cyprus to Egypt via a maritime pipeline.
According to the source, a technical committee, composed of representatives of the Egyptian and Cypriot governments, has reached an agreement that deals mainly with Egypt's share of the quantities of Cypriot gas exported through Egypt.
The source pointed out that the two sides agreed on Cyprus' right to sign contracts with Egyptian liquefaction complexes, so that they can liquefy and re-export the gas, in addition to using gas access points.
He added that studies have been prepared, including three points for the delivery of gas to Egypt, namely the liquefaction plants in Idku, Damietta, and Port Said. The two sides agreed, however, that the delivery point will be Shell's Idku plant, where the company will manage gas imports from Cyprus.
There are two natural gas liquefaction plants in Egypt. The first is in Idku, owned by Shell's Egyptian Liquefied Natural Gas Company, including two liquefaction units. The other is in Damietta, owned by the Italian Unión Fenosa, with one unit.
According to the source, the Egyptian government has interest in completing the process of demarcation of the maritime border with its Mediterranean neighbours, noting that President Abdel Fattah Al-Sisi is interested in the gas industry, following it closely with the ministers of petroleum and foreign affairs.
The source pointed out that natural gas extracted from the countries of the Mediterranean basin will be shipped to Egypt for processing and re-exporting through Egyptian liquefaction plants to Europe, fulfilling the dream of Egypt becoming a regional hub for energy.


Clic here to read the story from its source.