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The Egyptian Cypriot Hope Pipeline to Cost $1B

Source: Gulfoilandgas.com - Articles 5/14/2018, Location: Egypt

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Last week, the Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla, agreed to establish the hope pipeline, which shall link the Aphrodite gas reserve (4,5 tcf) of Cyprus to the Egyptian infrastructure, so that the Cypriot gas is liquefied in the LNG plants in Egypt and then be re-exported to Europe and Asia. The estimated cost of the pipeline will be $1B.

Reversing the Gas Flow

The "Egypt Gas Puzzle" series was created by Gulfoilandgas.com to highlight the geopolitics of Egyptian Natural Gas development and to document a revisited strategy for monetizing gas discoveries in the Eastern Mediterranean that includes the new Egypt. Reversing the Flow article was published on April 2nd, 2014, to explain how can Egypt's idle gas export infrastructure realize the energy security needs of Egypt and the region. It also suggested the most economic way for monetizing new gas discoveries offshore Cyprus via the "Hope pipeline".

Articles in the Egypt Gas Puzzle series:

Egypt >>  11/19/2018 - Petroleum Minister Tareq el Mulla had talks with US Assistant State Secretary for Energy Resources Francis R. Fannon on means of promoting cooperation...
Egypt >>  11/19/2018 - TransGlobe Energy Corporation announces the test results for the South Ghazalat 6X oil discovery. As announced on November 8th, 2018, the Company dril...

Egypt >>  10/31/2018 - Egypt’s state-owned Middle East Oil Refinery Company (Midor) has signed a $1.2 billion loan agreement with three international, the petroleum ministry...
Egypt >>  10/26/2018 - Minister of Petroleum and Mineral Resources Tareq el Molla discussed with President and CEO of Malaysia’s Petronas Wan Zulkiflee means of boosting the...

Egypt >>  10/24/2018 - Egypt's Minister of Petroleum Tarek El-Molla has announced that Egypt will offer the first bid on oil and gas excavation in the Red Sea before the end...
Egypt >>  10/24/2018 - TransGlobe Energy Corporation (TransGlobe) announces an operations update. All dollar values are expressed in US dollars unless otherwise stated. ...

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