Energy Minister George Papanastasiou on Tuesday met Egypt’s Petroleum Minister Karim Badawi for a “results-oriented discussion” regarding the two countries’ efforts to exploit natural gas from under the seabed of Cyprus’ maritime exclusive economic zone (EEZ), according to Cyprus Mail news website.
He wrote in a post on social media that the discussion had centred on “accelerating our joint efforts” to connect the Kronos natural gas field, which is located in Block 6 of Cyprus’ EEZ, to “Egypt’s energy infrastructure” by 2027.
The meeting comes days after Badawi and other members of the Egyptian government had travelled to Nicosia and announced that natural gas from Cyprus’ EEZ will be exported to Europe via Egypt in 2027.
That target will depend on a final investment agreement being signed by the Egyptian government and the consortium comprising French multinational corporation Total and Italian energy company Eni, for the exploitation of the natural gas from the Kronos field.
The Egyptian government was in February designated as the “host government” for Block 6 of Cyprus’ EEZ.
Given the proximity of the Kronos reservoir and Block 6 to Egypt’s Zohr gas field, which Eni also operates, Eni will be able to use its own infrastructure to take the Cypriot natural gas to the Segas liquefied natural gas (LNG) terminal in the Egyptian port city of Damietta.
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