The Energy Ministers of Cyprus and Egypt discussed the exploitation of natural gas
The two Ministers discussed, at the same time, ways to strengthen the energy cooperation between Cyprus and Egypt, among other things to speed up the development of the complex of natural gas fields southwest of Cyprus
Ways to strengthen the energy cooperation between Cyprus and Egypt, including to speed up the development of the complex of natural gas fields southwest of Cyprus, with the transfer of gas from the Cypriot EEZ to Egypt being one of the main options for their exploitation, they discussed the Minister of Energy, Trade and Industry Giorgos Papanastasiou and the Egyptian Minister of Petroleum and Mineral Resources Tarek El Mola.
According to an announcement by the Ministry of Energy, Mr. Panastasiou returned today from Cairo, where, on the sidelines of the EGYPES 2024 energy exhibition and conference, he had a series of contacts on energy issues yesterday, including a one-on-one meeting with his Egyptian counterpart.
In particular, Papanastasiou and El Mola had on Tuesday afternoon a "particularly constructive meeting, during which they reviewed the latest developments in the hydrocarbon sector in the Eastern Mediterranean, with an emphasis on the very encouraging results of the appraisal drilling in the discovery of natural gas "Cronos", within of Block 6 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus".
The two Ministers discussed, at the same time, ways to strengthen the energy cooperation between Cyprus and Egypt, among other things to speed up the development of the complex of natural gas fields southwest of Cyprus, with the transport of gas from the Cypriot EEZ to Egypt being one of the main options for their utilization, it is added.
The meeting with the Egyptian Minister of Petroleum was preceded by separate meetings with the Secretary General of the East Mediterranean Gas Forum, Osama Mombarez, as well as with senior executives of the companies Eni, TotalEnergies, Chevron and ExxonMobil, to discuss their research programs and the rapid development of of their discoveries within the EEZ of Cyprus.
Mr. Papanastasiou also visited the Cyprus stand at the EGYPES 2024 exhibition.
Source: stockwatch.com.cy
Photo: stockwatch.com.cy
21 February 2024
