Cairo – Mubasher: Egypt has signed an initial agreement with Cyprus to transfer natural gas to Egypt, according to a recent statement.
This initial agreement will allow Cyprus to transfer natural gas to Egypt via an undersea pipeline for the purposes of supplying the national network of natural gas in Egypt or re-exporting, Egyptian petroleum minister Tarek El Molla said.
The US firm Noble Energy had discovered an estimated 4.5 trillion cubic feet of natural gas in one prospect off Cyprus in late 2011.
