FM says deal close to export gas to Egypt

October 10, 2018

The consortium with the licence on the Aphrodite gas field in block 12 is “very close” to a deal to export natural gas to a liquefaction terminal in Egypt, Foreign Minister Nicos Christodoulides has said.

Speaking to an Egyptian newspaper, Christodoulides said the companies – Noble Energy, Delek and Shell – are in talks with an LNG facility in Egypt, adding that negotiations have reached “an advanced state and are nearing completion.”

He did not provide more details.

Last month Cyprus and Egypt signed an inter-governmental agreement to facilitate the mooted construction of a subsea pipeline from Cyprus’ Aphrodite – estimated to contain around 4.5 trillion cubic feet of gas – onto Egyptian shores and then to an LNG plant in Idku.

Continue reading at Source:  Cyprus Mail