Cyprus, Egypt sign MoU on gas export from Aphrodite reservoir

Aiming to link the development of the Cypriot natural gas field Aphrodite to existing Egyptian infrastructure, ministers from the two countries signed a non-binding memorandum of understanding on Monday to facilitate cooperation in the sector.

Cypriot Energy, Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis and Egyptian Petroleum and Mineral Resources Minister Sherif Ismail signed the memorandum in Nicosia on Monday in the presence of Egyptian Prime Minister Ibrahim Mahlab, according to a joint statement published by the two ministries. Emphasizing the importance of optimizing the use of Egyptian gas infrastructure and creating added value for both Cyprus and Egypt, the ministers said they hope a full-fledged agreement will materialize within six-months.

Source: http://www.jpost.com/Israel-News/Cyprus-Egypt-sign-MoU-on-gas-export-from-Aphrodite-reservoir-391234

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