QatarEnergy, Egypt and ExxonMobil sign MoU to study Cyprus gas via Egypt LNG
Key highlights
- QatarEnergy, Egypt and ExxonMobil will study developing and commercializing Cyprus natural gas via Egypt's existing gas and LNG export infrastructure.
- The study will assess growth opportunities and flexible commercial frameworks to integrate Eastern Mediterranean gas flows.
- Objective includes optimizing use of Egypt's gas infrastructure as a regional hub to support supply diversification across markets.
Parties and scope
QatarEnergy, the Government of the Arab Republic of Egypt and ExxonMobil signed a memorandum to study enabling development and commercialization of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure.
Study objectives
The study will assess growth opportunities and flexible commercial frameworks to move Cypriot gas to market, leveraging Egypt’s infrastructure that serves both domestic consumers and LNG exports.
Regional impact
Planned outcomes include optimizing use of Egypt’s pipelines and LNG facilities, enhancing integration between Egypt and Cyprus, positioning Egypt as a potential Eastern Mediterranean gas hub and contributing to supply diversification across regional and international markets.
Source: QatarEnergy