Approving Egypt - Cyprus Gas Pipeline Agreement


In December 2018, President Abdel Fattah El-Sisi issued the Presidential Decree no. 537 of 2018 (the “Decree”) approving the agreement entered into between Egypt and Cyprus on 19 September 2018 to establish a direct natural gas subsea pipeline between the two countries (the “Agreement”).

The Decree was published in the Official Gazette on 4 July 2019 after the approval of the Agreement by the House of Representative on 11 March 2019.

The purpose of the Agreement is to establish a direct subsea pipeline between the two countries to export natural gas from Cyprus’s exclusive economic zone to Egypt’s liquefaction plants located at Edku and/or Damietta.

According to the Agreement, a joint follow-up committee shall be established for the sole purpose of following-up the activities related to the project. Such committee shall consist of equal number of representatives from the gas and petroleum ministries as well as the related entities of each party.

Posted in News on Aug 28, 2019