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Four firms express interest in gas pipeline
October 11, 2018
Four major investment firms have expressed an interest in financing the construction of a pipeline that would transport natural gas from Cyprus to Egypt, Bloomberg reported on Wednesday.
The banks and investment houses asked the Cypriot government for more information on the progress of the Aphrodite reservoir, whose gas Royal Dutch Shell Plc is considering buying for its facility in Egypt, Sofronis Papageorgiou, head of commercial affairs at the Cypriot embassy in Israel told Bloomberg, though he declined to disclose the names of the firms.
The interest from the potential investors is “another sign that things are moving in a positive direction,” said Papageorgiou.