Egypt to Ship Cypriot Gas to Europe in QatarEnergy Deal

QatarEnergy and ExxonMobil have signed an agreement with Egypt to transport offshore gas from Cyprus to Egyptian liquefaction facilities for export to Europe — the latest sign of Egypt’s growing role as an energy hub in the Eastern Mediterranean.

Egypt is seeking to strengthen its role as an Eastern Mediterranean energy hub through a new Cypriot gas export agreement. (Photo: ExxonMobil Egypt)

QatarEnergy signed the agreement with ExxonMobil and Egypt’s Ministry of Petroleum and Mineral Resources to explore how gas discovered off Cyprus could be developed and exported through Egypt’s existing infrastructure, Mohamed Elashi reported for Euronews,

The memorandum of understanding (MOU), signed by Petroleum Minister Karim Badawi, places QatarEnergy at the center of broader efforts to connect Cypriot offshore gas fields with Egyptian export facilities and European markets.

QatarEnergy said the agreement would examine future growth opportunities and commercial arrangements using Egypt’s gas infrastructure, which serves both domestic consumers and international buyers.

Cyprus does not have liquefaction facilities, meaning offshore gas must first be transported via underwater pipelines to Egypt, where it is processed and liquefied before export to Europe.