Cyprus and Egypt are set to sign an agreement on Wednesday, dealing with the transport of natural gas through a pipeline, reports said on Tuesday.
Energy Minister Yiorgos Lakkotrypis will be meeting with Egypt’s Oil and Natural Reserves Minister Tarek El Molla at the ministry, where they will sign the agreement on transporting the natural gas through a pipeline running through Cyprus and Egypt’s Exclusive Economic Zones (EEZ).
In the meantime, the Parliament Committee on Energy is expected to meet with Lakkotrypis more often to coordinate on the important issues dealing with Cyprus’ natural reserves.
On Tuesday the Committee was informed on by Lakkotrypis on the critical issues dealing with the exploitation of the hydrocarbon reserves in the island’s EEZ.
After the meeting, the head of the Committee, Aggelos Votsis said that the discussion with the Energy Minister was productive, which will be repeated every 2-3 months, so that the Committee is in complete coordination with the Minister on the issues.
Development plans
Votsis added that the Committee was informed on the development plans for the ‘Aphrodite’ field in block 12 of Cyprus’ EEZ and on the third licensing round, which he called ‘encouraging and very substantial’.
MP Andreas Kyprianou has said that the information session with Lakkotrypis has cleared up that there is no connection between the exploitation of natural gas and the Cyprus problem.
Kyprianou, a DISY MP, has said that the party is satisfied with the interest in the third licensing round and the cooperation with Egypt on the ‘Aphrodite’ reserves.
AKEL MP Costas Costa has said that his party welcomed the interest that the energy companies showed in the third licensing round, adding that the agreement to be signed between Egypt in Cyprus is important, and a party reaction is expected after the agreement has been reviewed.
Costa said that the party has also suggested to the Energy Minister that a Natural Gas Liquefaction terminal is created in Cyprus to allow the country to become an energy hub in the region.
Source: CNA
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