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Cyprus signs deal with Egypt for gas transfer
(MENAFN) Cyprus and Egypt signed a deal to transfer natural gas via pipeline to Egypt.
US energy firm found that a 4.5tr cubic feet of natural gas in one prospect off Cyprus in late 2011. However, Italy's ENI and Korea's KoGas have a contract with Cyprus for exploration over three offshore blocks.
On Wednesday, the agreement was signed by petroleum minister Tarek El Molla and Cypriot energy minister Yiorgios Lakkotrypis.
US energy firm found that a 4.5tr cubic feet of natural gas in one prospect off Cyprus in late 2011. However, Italy's ENI and Korea's KoGas have a contract with Cyprus for exploration over three offshore blocks.
On Wednesday, the agreement was signed by petroleum minister Tarek El Molla and Cypriot energy minister Yiorgios Lakkotrypis.
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