MoU for transport Cypriot gas to Egypt

MoU for transport of gas to Egypt

Cyprus and Egypt have signed a memorandum of understanding to examine the transport of natural gas through an underwater pipeline.
The agreement was signed by the Cyprus hydrocarbon company and Egypt’s natural gas holding company at Sharm El Sheikh.
The two companies have agreed to look into technical solutions to transport natural gas from Cyprus’ offshore Block 12 to Egypt through an underwater pipeline.
“Without a doubt, the memorandum of understanding is an important step to strengthen the co-operation of Egypt and Cyprus in the area of oil and natural gas, which will further the friendly relations between the two countries,” an announcement said.