The Egyptian Cypriot Hope Pipeline to Cost $1BSource: Gulfoilandgas.com - Articles 5/14/2018, Location: Egypt
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.
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:
Cleaning Equipment, Services
Maintenance and Repair
Oil & Gas Companies
Transportation, 4X4 Trucks
Water Supply Services
Related Articles: Construction Contractors Exploration General Labor Services Maintenance and Repair Offshore/Onshore Construction Oil & Gas Companies Pipeline Services Safety Services Subsea Production
Oil Egypt E-Marketplace - Subscription Packages - Benefits