Egyptian Parliament Approves Egypt-Cyprus Gas Pipeline

The Energy and Environment Committee of the Egyptian Parliament, headed by Talaat El Swedy, approved the Presidential decree number 537 for year 2018 regarding the agreement of constructing a subsea pipeline between Egypt and Cyprus, Al Mal News reported.
The agreement aims to facilitate exporting natural gas from Cyprus to Egyptian liquefaction plants, Idku and Damietta.
The ministry of petroleum is working hard to achieve the national vision to turn Egypt into a natural gas regional trading hub through several phases including agreements like the one with Cyprus, said Mohamed Samir, from the ministry’s operations office.
The agreement with Cyprus is important as Cyprus is considered Egypt’s gate to export gas to the European Union (EU), El Swedy pointed out.