Oil Egypt accountACCOUNT King Tut

Cyprus Sees Gas Deal with Egypt as Cairo Weighs Israeli Supply

Source: Bloomberg 2/20/2018, Location: Egypt

Share |
Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub after the startup of the giant offshore Zohr field.

Cyprus would supply Egypt from the Aphrodite field, which was discovered by Noble Energy Inc. and contains an estimated 4.5 trillion cubic feet of gas. Noble Energy, with Delek Drilling-LP, said it plans to sell gas to Egypt’s Dolphinus Holdings Ltd. from Israel’s Tamar and Leviathan deposits. Egypt’s government still must approve the proposed 10-year deal for shipments from Israel, the Egyptian oil ministry said Tuesday in an emailed statement.

“Cyprus is close to selling natural gas to Egypt’s liquefied natural gas plants, and we could reach an agreement in the coming weeks,” Energy Minister Georgios Lakkotrypis said in a telephone interview from Nicosia. The Egyptian LNG plants of Idku and Damietta lie some 400 miles (645 kilometers) south of Cyprus.



Egypt >>  7/16/2018 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to announce that a successful production test has been conducted at it...
Egypt >>  7/12/2018 - Egyptian General Petroleum Corp (EGPC) has hired HSBC to arrange a loan of around $1 billion, five banking sources familiar with the matter said, the ...

Egypt >>  7/9/2018 - Eni announces a second light oil discovery on the B1-X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, som...
Egypt >>  7/5/2018 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to announce that it has spud its SD-3X appraisal well at South Disouq,...

Egypt >>  7/5/2018 - Rockhopper Exploration plc (RKH), the oil and gas exploration and production company with key interests in the North Falklands Basin and the Greater M...
Egypt >>  6/28/2018 - Honeywell (HON) announced that Sidi Kerir Petrochemicals Co. (SIDPEC) has chosen Honeywell UOP’s C3 Oleflex™ technology to produce 500,000 metric tons...

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us