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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 >>  9/17/2018 - Gastec Corporation and Italian oil and gas company Eni signed an agreement to establish auto service and gas and natural gas fuel stations in various ...
Egypt >>  9/17/2018 - The Egyptian Natural Gas Holding Company (EGAS) provided 2.1 trillion cubic feet of gas to all local market economic sectors in FY 2017/18, leading to...

Egypt >>  9/15/2018 - Minister of Petroleum and Mineral Resources Tareq el Molla signed two deals with firms from Canada, the UK, the Netherlands, Malaysia and Kuwait to ex...
Egypt >>  9/8/2018 - Eni announces that Zohr field is now producing 2 bcfd, equivalent to approximately 365,000 boed. This outstanding result has been achieved only a few ...

Egypt >>  9/6/2018 - The International Islamic Trade Finance Corporation (ITFC) announced the signing of two new Agreements between ITFC & the Government of the Arab Repub...
Egypt >>  9/5/2018 - Egypt will pay $2 billion to Union Fenosa Gas Company as a settlement for halting gas supplies to the company’s Damietta LNG plant, according to the W...

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