Cypriot Energy Minister Yiorgos Lakkotrypis and Egyptian Petroleum and Mineral Resources Minister Tarek El-Molla signed an agreement in Nicosia on Wednesday 31 August on the construction of a gas pipeline to run beneath the Mediterranean Sea. The pipeline will be operational by 2020-2022 and will carry Cypriot gas to Egypt for domestic consumption or re-export.
Significant natural gas fields have been discovered in the eastern Mediterranean, off the coasts of Israel, Cyprus and Egypt, in...