Cyprus and Egypt’s energy ministers talk stepping up energy cooperation

08:03 - 22 February 2024

Current Affairs

The energy ministers of Cyprus and Egypt have discussed ways to strengthen energy cooperation between the countries, in particular the prospect of developing natural gas reserves southwest of Cyprus and transporting them to Egypt’s liquefaction units.

Minister of Energy, Trade and Industry George Papanastasiou paid a visit to Cairo earlier this week, where he met with Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla. In fact, he held a series of contacts on energy issues, on the sidelines of the EGYPES 2024 energy exhibition and conference.

According to an official press release, the two ministers had "a very constructive meeting", where they reviewed the latest energy developments in the Eastern Mediterranean. There was plenty of emphasis on the encouraging results from the appraisal drilling in the "Cronos" natural gas deposit in block 6 of Cyprus’ Exclusive Economic Zone (EEZ).

They also discussed ways of strengthening energy cooperation between Cyprus and Egypt, and stood specifically at speeding up the development of natural gas reservoirs southwest of Cyprus and transporting the gas from the Cypriot EEZ to Egypt, the press release added.

The meeting with the Egyptian Minister of Petroleum was preceded by separate meetings with the Secretary General of the East Mediterranean Gas Forum Osama Mobarez, as well as with senior executives of the companies Eni, TotalEnergies, Chevron and ExxonMobil, to discuss their exploration programmes and rapid development of their discoveries within the Cyprus EEZ.

(Photos: PIO)

Cyprus and Egypt’s energy ministers talk stepping up energy cooperation

News Feed

Read More