Egypt and Cyprus initial Aphrodite gas link agreement at MOC 2026
October 20, 2026 at 12:29 PM
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4 reports
Egypt and Cyprus initialled a financial framework agreement to connect the Aphrodite gas field to Egyptian infrastructure, alongside new company-level deals signed at the Alexandria energy conference.
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Egyptian Petroleum Minister Karim Badawi and Cypriot Energy Minister Michalis Damianos witnessed the initialling of the Aphrodite gas field financial agreement, signed by Mohamed El-Bagouri and Chevron's Javier Larosa.
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Italian firm Saipem and Egypt's Modern Drilling Company signed a memorandum of understanding to expand cooperation and technical exchange in oil and gas activities.
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Damianos said Aphrodite gas will be transported to Egypt for the domestic market, while the Kronos project will use Zohr field facilities and the Damietta liquefaction terminal.


