Cyprus Egypt Pipeline Agreement

On 5 August, Egyptian Oil Minister Tarek El-Molla spoke via video conference with Cypriot Energy Minister Natasa Pilides about the construction of a direct maritime pipeline between the two countries. According to a statement from Egypt`s oil ministry, the two ministers confirmed the ongoing coordination between officials from the two countries to monitor the measures necessary to carry out the project. CAIRO – The Eastern Mediterranean gas pipeline agreement, signed by Cyprus, Greece and Israel in Athens on January 3 to supply Europe with natural gas, has raised questions about its potential impact on Egypt. The project comes at a time when Egypt is striving to become a regional hub for the trade and distribution of liquefied natural gas to Europe and Turkey is working to expand its control over the Mediterranean`s energy resources through gas drilling off the coast of Cyprus. Energy ministers from the three countries have agreed to build a pipeline to transport natural gas from the eastern Mediterranean to Greece and Italy via southern Cyprus, Kumbaroglu said. “For such a pipeline to be built, there must first be a trade agreement for the sale of Aphrodite gas. … This would require Chevron, Shell and Delek [the companies authorized to operate the field] to find buyers for this gas in Egypt,” Ellinas Al-Monitor said by email. “We are ready to discuss some kind of cooperation, energy cooperation, also with the Turks. We are not against the Turks, but we are very supportive of the EastMed pipeline project,” he said. ATHENS (Reuters) – Greece, Cyprus and Israel on Thursday signed a contract to build a 1,900-km underwater gas pipeline to bring natural gas to Europe from the rapidly developing gas fields of the eastern Mediterranean. Greece said the deal would be reached once Italy signed it. In an interview with New Europe on 3 January, Israeli Energy Minister Yuval Steinitz said that Israel and Cyprus need the EastMed pipeline.

“We have enough gas in Israel and Cyprus to justify even two pipelines, so we certainly have enough gas for a pipeline.” He assured that his country intended to export some gas to Egypt via the Egyptian liquefied natural gas terminals and send it to Europe. Abul Ela added: “Talking again about the construction of this submarine line is an attempt to send Egypt, that there is an alternative for Europe to supply gas to Europe in order to prevent it from creating future conditions for the passage of gas through its territories.” But he said, “Suppose the EastMed pipeline was built, it would not affect Egypt.” Aziz continued: “Egypt has already reached an agreement with Cyprus on the construction of a gas pipeline. This means that Egypt can reach Europe, especially since it has a surplus of natural gas that Europe needs, which wants to be thirsty for energy. It is normal for it to receive its gas needs from Israel and Egypt. “It (the agreement) … supports a common goal for peace, security and stability in the most vulnerable region of the eastern Mediterranean,” Anastasiades said. The future EastMed underwater pipeline is expected to extend 1872 kilometres and promises to carry 9 to 11 billion cubic metres of gas annually from the eastern Mediterranean sea reserves off Cyprus and Israel to Greece, as well as italy and other countries in south-eastern Europe. Analysts say the pact could be an obstacle to the pipeline project that is expected to cross the planned Turkey-Libya economic zone. The Mavi Marmara incident in 2010 left the Arab-Israeli conflicts at a climax and eliminated Israel`s only local alliance with Turkey. Turkey would not reintroduce the alliance if the blockade of Gaza was not lifted. [19] These demands have prompted Israel to maintain new relations with the country until June 2016 to normalize diplomatic relations in order to pursue a gas pipeline to the European market.

[20] Energy Ministers of Greece, Israel and Cyprus – Kostis Hatzidakis, Yuval Steinitz e