Minister of Petroleum and Mineral Resources Karim Badawi and President of Integrated Gas at Shell Plc Cederic Cremers discussed regional integration plans to develop Cyprus's Aphrodite gas field.

Egypt and Cyprus signed two agreements to begin developing Cypriot natural gas discoveries, using Egyptian infrastructure.

Egypt plans to sign an agreement with Cyprus in March to lease a floating gasification unit for the summer.

Egypt, Cyprus, and Chevron signed a memorandum of understanding (MoU) on February 17th, marking a major step forward for the Aphrodite gas project.

Egypt and Cyprus will sign a memorandum of understanding (MoU) on Monday, February 17th, outlining terms for marketing natural gas from the Aphrodite offshore field.

Egypt is expected to receive 1.4 billion cubic feet of Cypriot natural gas per day starting in 2027, with shipments arriving via the Aphrodite and Kronos gas fields.

Egypt and a consortium of French TotalEnergies and Italy’s Eni will sign a key agreement in February.

Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, witnessed the signing of a cooperation protocol between the Egyptian, Greek, and Cypriot Chambers Federation to establish a joint business council between the three countries.

Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Cypriot Minister of Energy, Commerce, and Industry Giorgos Papanastasiou to discuss ways to enhance cooperation in the natural gas sector between Egypt and Cyprus.

Cyprus is prepared to export natural gas to European markets by using Egyptian infrastructure, including sub-sea pipelines and liquefaction plants.

Egypt and Cyprus have probed fostering cooperation and boosting investments in the field of renewables.

The Egyptian government, in collaboration with the Cypriot government, is looking to establish a 90-kilometer-long underwater pipeline connecting the Cypriot Aphrodite offshore gas field to the offshore production facilities of Egypt’s Zohr gas field.

Minister of Petroleum and Mineral Resources Tarek El-Molla held a session of discussions with his Cypriot counterpart George Papanastasiou to probe enhancing cooperation under the umbrella of the Eastern Mediterranean Gas Forum amid the growing natural gas discoveries in Cyprus.

The volume of trade exchange between Egypt and Cyprus rose 21.8% year on year (YoY) in the first nine months of 2023 to $79 million, compared to $64.8 million.

The move is also expected to increase the volume of trade exchange between Egypt and Cyprus, which witnessed a climb of 23.2% between 2021 and 2022.

Developers of the Aphrodite natural gas field, located in the Cypriot Exclusive Economic Zone (EEZ), are planning to connect the field to an Egyptian liquified natural gas (LNG) production facility via a submarine pipeline.