Cyprus Egypt Intergovernmental Agreement
IIA Navigator This IIAs database – the IIA Navigator – is managed by the IIA section of UNCTAD. You can browse THE IIAs that are completed by a given country or group of countries, view the recently concluded IIAs, or use advanced research for sophisticated research tailored to your needs. Please quote: UNCTAD, International Investment Agreements Navigator, available from investmentpolicy.unctad.org/international-investment-agreements/ It is also interesting to note that the agreement and the pipeline project have the support and support of the EU. The pipeline is intended to transport Cypriot natural gas to Egypt in the form of liquefied natural gas (LNG) to Egypt for re-export. Egyptian and Cypriot officials are in “deep talks” on a pipeline project linking the two countries, Al Mal reports, citing an unsealed government official. Construction of the pipeline is on schedule, despite the Covid 19 pandemic, the official said, without mentioning dates or bollards. Once completed, natural gas can be transported from the Aphrodite gas field to the Egyptian liquefaction plants of Idku and Damietta. This gas could then be liquefied and re-exported to Europe and elsewhere. Egypt and Cyprus signed a cooperation agreement in 2018 for the implementation of the direct pipeline, approved by the President last July.
Cypriot Energy Minister Georgios Lakkotrypis and Egyptian Oil and Mineral Resources Minister Tarek El Molla signed the agreement, which paves the way for new negotiations on the construction of the offshore field pipeline in The exclusive economic zone from Cyprus to Egypt, where gas is used either for domestic consumption or for re-export. Cypriot Energy Minister Yiorgos Lakkotrypis and his Egyptian counterpart Tarek El Molla signed the agreement at the Presidential Palace in Nicosia, in the presence of Anne-Charlotte Bournoville, head of the International Relations and Enlargement Of the European Commission`s Directorate General of Energy. IiA Mapping Project The IIA Mapping Project is a cooperative initiative between UNCTAD and universities around the world to represent the content of II A. The resulting database serves as a tool to understand trends in CEW development, assess the prevalence of different policy approaches, and identify examples of contracts. The Mapping of IIA Content allows you to browse the results of the project (the page will be regularly updated as new results become available). Please quote: UNCTAD, mapping of IIA Content, available under investmentpolicy.unctad.org/international-investment-agreements/iia-mapping More information: Mapping Project Description – Methodology document Cyprus and Egypt signed on Wednesday a inter-governmental agreement (IGA) about a subsea pipeline to carrys Natural Gas to Egypt. Cyprus has signed an intergovernmental agreement with Egypt for the construction of an underwater gas pipeline that will transport gas from the Aphrodite offshore field to Egypt and then to the EU. Comments from Energy Minister Y. Lakkotrypis on the signing of the Cyprus-Egypt agreement on the submarine pipeline The two governments will now “quickly” continue discussions on an intergovernmental agreement for the pipeline. “We hope that this agreement will help accelerate trade agreements and create an investment framework for the sale of natural gas from Cyprus to Egypt,” he said. Egyptian Energy Minister Tarek el-Molla and his Cypriot counterpart Yiorgos Lakkotrypis signed an intergovernmental pact on Wednesday that marks countries` willingness to cooperate in the delivery of gas from the Eastern Mediterranean to international markets, particularly in Europe.
The agreement is the first of its kind in the region and, according to the Cypriot minister, it establishes a formal strategic partnership in the energy sector between the two nations.