News Local Cyprus and Egypt sign agreement for Aphrodite pipeline

Cyprus and Egypt sign agreement for Aphrodite pipeline

Cyprus and Egypt will sign today an inter-state agreement concerning a subsea pipeline to carry Cypriot natural gas to Egypt.

Cyprus’ Energy Minister Yiorgos Lakkotrypis said the agreement was crucial for the efforts of both countries to channel natural gas from the “Aphrodite” reservoir, off Cyprus’ coast, towards Egypt.

The agreement sets the framework for cooperation between the two countries, the Minister went on, while highlighting that it is the first if its kind in the region, and is in line with EU standards.

The Minister also said that a representative of the European Commission will attend Wednesday’s signing ceremony, adding that this shows the importance the EU attaches to the project.

“This pipeline is a European pipeline,” the Minister said. He added that gas will be carried to Egypt once commercial agreements advance and then it will reach European markets in LNG form.

The Cypriot Minister of Energy also noted that this will help Europe strengthen its energy security.

Lakkotrypis said the agreement concerns at this stage Cyprus and Egypt but hailed it as a model for regional cooperation.

This agreement is the first of its kind and it paves the way for the conclusion of the project, allowing private investors to negotiate a commercial agreement, Egypt’s Minister of Petroleum Tarek El Molla added.

The construction of the pipeline depends on how fast commercial agreements advance with the investors, the Egyptian Minister concluded.

Read more:

Top Stories

Global COVID death toll tops 2 million, one death every 8 seconds

  The worldwide coronavirus death toll surpassed 2 million, according to a Reuters tally, as nations around the world are trying to procure multiple vaccines...

244 new cases, out of 11,163 tests announced on Friday

The Health Ministry announced 244 new Coronavirus cases out of 11,163 PCR and rapid antigen tests on Friday, 15 January, taking confirmed infections to...

Where to get antigen rapid tests on Saturday

The Health Ministry announced the following antigen rapid test sites for Saturday, 16 January 2021:   LIMASSOL Tassos Papadopoulos building – TEPAK, Limassol 08:30-16:30 Church Agia Varvara, Zakaki...

President Anastasides to get the second dose of COVID-19 vaccine next Monday

Cyprus President, Nicos Anastasiades, will receive the second dose of the vaccine against COVID-19, next Monday at the Health Center of Latsia, according to...

Expert says milder version of pandemic likely to be present in 2022

Dr Constantinos Tsioutis, Assistant Professor, Internal Medicine & Infection Prevention and Control at the Department of Medicine of the European University Cyprus and head...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...